Indusind Bank Chhindwara Chhindwara Madhya Pradesh MICR CODE

Find MICR Codes for Indusind Bank Chhindwara Chhindwara Madhya Pradesh

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gandhiganj Chhindwara
Contact 7162-299168
Bank Details Indusind Bank Ltd Gandhiganj Chhindwara INDB0002300
Location Chhindwara, Chhindwara
City Chhindwara
District Chhindwara
State Madhya Pradesh
Pincode
Country IN
Address Gr floor netaji subhash chandra bose ward chhindwara madhya pradesh
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 0 for Gandhiganj Chhindwara 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 0 of Indus Bank, Gandhiganj Chhindwara branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Gandhiganj Chhindwara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Indusind Bank Ltd are available with micr code -

>>Chhindwara >>Gandhiganj Chhindwara

MICR code for Indusind Bank Gandhiganj Chhindwara

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 Gandhiganj Chhindwara 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. 0 is the MICR code of Indusind Bank for Gandhiganj Chhindwara branch. MICR code for Gandhiganj Chhindwara 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 Gandhiganj Chhindwara is presented in the table alongside.

Use of Indus Bank MICR code for Gandhiganj Chhindwara branch in chhindwara

The MICR code 0 is used in RBI cheque clearing process to identify the branch Gandhiganj Chhindwara 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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