Indusind Bank Panvel Raigad Maharashtra MICR CODE

Find MICR Codes for Indusind Bank Panvel Raigad Maharashtra

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MICR Code	400234030
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	Kharghar
Contact	022 6673 9920 To 022 6673 9935
Bank Details	Indusind Bank Ltd Kharghar INDB0000358

Location	Panvel, Raigad
City	Panvel
District	Raigad
State	Maharashtra
Pincode	410210
Country	IN
Address	Ground & first floor, “patel heritage”, shop # 54 & 55, sector-7, plot no. 15 & 17, kharghar, navi mumbai – 410 210

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 400234030 for Kharghar 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 400234030 of Indus Bank, Kharghar branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Kharghar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Indusind Bank Ltd are available with micr code -

>>Kharghar >>Panvel

MICR code for Indusind Bank Kharghar

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 Kharghar 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. 400234030 is the MICR code of Indusind Bank for Kharghar branch. MICR code for Kharghar 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 Kharghar is presented in the table alongside.

Use of Indus Bank MICR code for Kharghar branch in panvel

The MICR code 400234030 is used in RBI cheque clearing process to identify the branch Kharghar 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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