Indusind Bank Koraput Jeypore Orissa MICR CODE

Find MICR Codes for Indusind Bank Koraput Jeypore Orissa

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jeypore Odisha
Contact 6854232302
Bank Details Indusind Bank Ltd Jeypore Odisha INDB0001021
Location Koraput, Jeypore
City Koraput
District Jeypore
State Orissa
Pincode 764002
Country IN
Address Ground and first floor rcm complex plot no 1220 1707 1997 m g road near siridi sai temple jeypore
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 764234102 for Jeypore Odisha 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 764234102 of Indus Bank, Jeypore Odisha branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Jeypore Odisha branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indusind Bank Ltd are available with micr code -

>>Jeypore Odisha

MICR code for Indusind Bank Jeypore Odisha

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 Jeypore Odisha 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. 764234102 is the MICR code of Indusind Bank for Jeypore Odisha branch. MICR code for Jeypore Odisha 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 Jeypore Odisha is presented in the table alongside.

Use of Indus Bank MICR code for Jeypore Odisha branch in koraput

The MICR code 764234102 is used in RBI cheque clearing process to identify the branch Jeypore Odisha 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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