Indusind Bank Surat Surat Gujarat MICR CODE

Find MICR Codes for Indusind Bank Surat Surat Gujarat

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Katargam
Contact 2487600
Bank Details Indusind Bank Ltd Katargam INDB0001058
Location Surat, Surat
City Surat
District Surat
State Gujarat
Pincode 395004
Country IN
Address Ground floor fp 131 avadh building katargam amroli road mehta petrol pump opp maruti showroom katargam 395004 dist surat gujarat
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 395234007 for Katargam 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 395234007 of Indus Bank, Katargam branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Katargam branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Katargam

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 Katargam 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. 395234007 is the MICR code of Indusind Bank for Katargam branch. MICR code for Katargam 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 Katargam is presented in the table alongside.

Use of Indus Bank MICR code for Katargam branch in surat

The MICR code 395234007 is used in RBI cheque clearing process to identify the branch Katargam 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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