Indusind Bank Satara Satara Maharashtra MICR CODE

Find MICR Codes for Indusind Bank Satara Satara Maharashtra

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	415234504
Bank	Indusind Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kalvade
Contact	656514
Bank Details	Indusind Bank Ltd Kalvade INDB0000988

Location	Satara, Satara
City	Satara
District	Satara
State	Maharashtra
Pincode
Country	IN
Address	Ground floor++ hanuman ward near jyotirling mandir at post kalavade tel karad dist satara kalvade

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 415234504 for Kalvade 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 415234504 of Indus Bank, Kalvade branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Kalvade branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Indusind Bank Ltd are available with micr code -

>>Kalvade >>Rethare Khurd >>Sahakar Nagar Pune >>Satara

MICR code for Indusind Bank Kalvade

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 Kalvade 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. 415234504 is the MICR code of Indusind Bank for Kalvade branch. MICR code for Kalvade 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 Kalvade is presented in the table alongside.

Use of Indus Bank MICR code for Kalvade branch in satara

The MICR code 415234504 is used in RBI cheque clearing process to identify the branch Kalvade 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.

Copied!