Indusind Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Indusind Bank Mumbai Greater Bombay Maharashtra

MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Crawford Market Mumbai
Contact 022- 22632125, 22632127, 22632128, 22632129, 22632126
Bank Details Indusind Bank Ltd Crawford Market Mumbai INDB0000470
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400001
Country IN
Address Ground floor, shop no 5 & 6,ahoka shopping centre, g.t hospital complex, l.t. Marg, crawford market, mumbai- 400 001, maharashtra
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 400234037 for Crawford Market Mumbai branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 400234037 of Indus Bank, Crawford Market Mumbai branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Crawford Market Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Crawford Market Mumbai

Indusind Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indus Bank MICR code for Crawford Market Mumbai is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 400234037 is the MICR code of Indusind Bank for Crawford Market Mumbai branch. MICR code for Crawford Market Mumbai branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Indus Bank Crawford Market Mumbai is presented in the table alongside.

Use of Indus Bank MICR code for Crawford Market Mumbai branch in mumbai

The MICR code 400234037 is used in RBI cheque clearing process to identify the branch Crawford Market Mumbai and Indus Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Indusind Bank is typically in either of these two font’s: E-138 and CMC-7.

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