Indusind Bank Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Indusind Bank Delhi Delhi New Delhi

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gulmohar Yusuf Sarai
Contact 011 43394801
Bank Details Indusind Bank Ltd Gulmohar Yusuf Sarai INDB0000168
Location Delhi, Delhi
City Delhi
District Delhi
State New Delhi
Pincode 110065
Country IN
Address S-6, building no. 18&19, oriental house, gulmohar community centre, yusuf sarai, new delhi – 110 0016
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 110234014 for Gulmohar Yusuf Sarai 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 110234014 of Indus Bank, Gulmohar Yusuf Sarai branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Gulmohar Yusuf Sarai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Gulmohar Yusuf Sarai

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 Gulmohar Yusuf Sarai 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. 110234014 is the MICR code of Indusind Bank for Gulmohar Yusuf Sarai branch. MICR code for Gulmohar Yusuf Sarai 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 Gulmohar Yusuf Sarai is presented in the table alongside.

Use of Indus Bank MICR code for Gulmohar Yusuf Sarai branch in delhi

The MICR code 110234014 is used in RBI cheque clearing process to identify the branch Gulmohar Yusuf Sarai 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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