Indusind Bank Guntur Guntur Andhra Pradesh MICR CODE

Find MICR Codes for Indusind Bank Guntur Guntur Andhra Pradesh

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MICR Code	520234103
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	Kothapet Guntur
Contact	2225142
Bank Details	Indusind Bank Ltd Kothapet Guntur INDB0000845

Location	Guntur, Guntur
City	Guntur
District	Guntur
State	Andhra Pradesh
Pincode	522001
Country	IN
Address	Grd flr, d no 5 25 521 next to vijaya talkies nr head po kothapet main rd kothapet guntur 522001 ap

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 520234103 for Kothapet Guntur 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 520234103 of Indus Bank, Kothapet Guntur branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Kothapet Guntur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Indusind Bank Ltd are available with micr code -

>>Bapatla >>Guntur >>Kothapet Guntur >>The Guntur Co Operative Urban Bank Ltd Brodipet Branch >>The Guntur Co Operative Urban Bank Ltd Chandramouli Nagar Branch >>The Guntur Co Operative Urban Bank Ltd Kothapet Branch >>The Guntur Co Operative Urban Bank Ltd Pattabhipuram Branch >>The Guntur Co Operative Urban Bank Ltd R. Agraharam Branch

MICR code for Indusind Bank Kothapet Guntur

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 Kothapet Guntur 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. 520234103 is the MICR code of Indusind Bank for Kothapet Guntur branch. MICR code for Kothapet Guntur 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 Kothapet Guntur is presented in the table alongside.

Use of Indus Bank MICR code for Kothapet Guntur branch in guntur

The MICR code 520234103 is used in RBI cheque clearing process to identify the branch Kothapet Guntur 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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