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 Kalbadevi Road Mumbai
Contact 022-22417532, 22417536
Bank Details Indusind Bank Ltd Kalbadevi Road Mumbai INDB0000430
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400002
Country IN
Address Ground floor, shop. No 1,2,3 & 12,13,14, jewel world, cotton exchange building, 175, kalbadevi road, mumbai- 400 002, 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 400234035 for Kalbadevi Road 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 400234035 of Indus Bank, Kalbadevi Road Mumbai branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Kalbadevi Road Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Kalbadevi Road 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 Kalbadevi Road 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. 400234035 is the MICR code of Indusind Bank for Kalbadevi Road Mumbai branch. MICR code for Kalbadevi Road 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 Kalbadevi Road Mumbai is presented in the table alongside.

Use of Indus Bank MICR code for Kalbadevi Road Mumbai branch in mumbai

The MICR code 400234035 is used in RBI cheque clearing process to identify the branch Kalbadevi Road 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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