Indusind Bank Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for Indusind Bank Hyderabad Hyderabad Telangana

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MICR Code	500234016
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	L B Nagar Hyderabad
Contact	24036169
Bank Details	Indusind Bank Ltd L B Nagar Hyderabad INDB0000839

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Telangana
Pincode	500074
Country	IN
Address	Upper grd flr b s towers plot no 14 15 survey no 66 main road l b nagar hyderabad 500074 telangana

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 500234016 for L B Nagar Hyderabad 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 500234016 of Indus Bank, L B Nagar Hyderabad branch makes the system almost error free and faster. Use of Indus Bank MICR codes for L B Nagar Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 29 branches of Indusind Bank Ltd are available with micr code -

>>Abids >>B.N Reddy >>Balanagar >>Banjara Hills Road No Twelve >>Botanical Garden Road >>Chandanagar >>Habsiguda Hyderabad >>Jubilee Hills Hyderabad >>Jubilee Hillsroad No Thirty Six >>Khammam >>Kondapur >>Kothapet >>Kukatpally Jntu >>L B Nagar Hyderabad >>M G Road >>Manikonda >>Nanakramguda >>Narayanguda Hyderabad Telangana >>Panjaguta >>Pet Basheerabad >>Road No Forty Five Jubilee Hills >>S R Nagar Hyderabad >>Santosh Nagar Hyderabad >>Siddambar Bazar >>Siddipet >>Srinagar Colony >>Vanasthalipuram >>Vivekanandnagar

MICR code for Indusind Bank L B Nagar Hyderabad

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 L B Nagar Hyderabad 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. 500234016 is the MICR code of Indusind Bank for L B Nagar Hyderabad branch. MICR code for L B Nagar Hyderabad 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 L B Nagar Hyderabad is presented in the table alongside.

Use of Indus Bank MICR code for L B Nagar Hyderabad branch in hyderabad

The MICR code 500234016 is used in RBI cheque clearing process to identify the branch L B Nagar Hyderabad 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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