Indusind Bank Jaipur Jaipur Rajasthan MICR CODE

Find MICR Codes for Indusind Bank Jaipur Jaipur Rajasthan

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Malviya Nagar Jaipur
Contact 1412552773
Bank Details Indusind Bank Ltd Malviya Nagar Jaipur INDB0000592
Location Jaipur, Jaipur
City Jaipur
District Jaipur
State Rajasthan
Pincode 302018
Country IN
Address 34 5 class of pearl k no 48 49 income tax colony malviya nagar tonk road jaipur 302 018
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 302234008 for Malviya Nagar Jaipur 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 302234008 of Indus Bank, Malviya Nagar Jaipur branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Malviya Nagar Jaipur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Malviya Nagar Jaipur

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 Malviya Nagar Jaipur 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. 302234008 is the MICR code of Indusind Bank for Malviya Nagar Jaipur branch. MICR code for Malviya Nagar Jaipur 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 Malviya Nagar Jaipur is presented in the table alongside.

Use of Indus Bank MICR code for Malviya Nagar Jaipur branch in jaipur

The MICR code 302234008 is used in RBI cheque clearing process to identify the branch Malviya Nagar Jaipur 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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