Indusind Bank Koriya Manendragarh Chhattisgarh MICR CODE

Find MICR Codes for Indusind Bank Koriya Manendragarh Chhattisgarh

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Manendragarh
Contact 243142
Bank Details Indusind Bank Ltd Manendragarh INDB0000796
Location Koriya, Manendragarh
City Koriya
District Manendragarh
State Chhattisgarh
Pincode 497442
Country IN
Address Grd flr property plot no 188 2 main raod near pwd office manendragarh koriya 497442 chhattisgarh
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 497234101 for Manendragarh 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 497234101 of Indus Bank, Manendragarh branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Manendragarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indusind Bank Ltd are available with micr code -

>>Manendragarh

MICR code for Indusind Bank Manendragarh

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 Manendragarh 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. 497234101 is the MICR code of Indusind Bank for Manendragarh branch. MICR code for Manendragarh 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 Manendragarh is presented in the table alongside.

Use of Indus Bank MICR code for Manendragarh branch in koriya

The MICR code 497234101 is used in RBI cheque clearing process to identify the branch Manendragarh 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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