Indusind Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Indusind Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ghatkopar West
Contact 25001315
Bank Details Indusind Bank Ltd Ghatkopar West INDB0001428
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400086
Country IN
Address Indusind bank ltd shop no 06 shop no 09 and 10 helix 3 rajhans group plot no 12 sub division bearing cts no 2265 b village ghatkopar kirol shreyas cinema lbs marg ghatkopar west mumbai 400086
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 400234064 for Ghatkopar West 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 400234064 of Indus Bank, Ghatkopar West branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Ghatkopar West branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Ghatkopar West

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 Ghatkopar West 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. 400234064 is the MICR code of Indusind Bank for Ghatkopar West branch. MICR code for Ghatkopar West 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 Ghatkopar West is presented in the table alongside.

Use of Indus Bank MICR code for Ghatkopar West branch in mumbai

The MICR code 400234064 is used in RBI cheque clearing process to identify the branch Ghatkopar West 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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