Indusind Bank Vishakhapatnam Vishakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Indusind Bank Vishakhapatnam Vishakhapatnam Andhra Pradesh

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Murali Nagar Vishakhapatnam
Contact
Bank Details Indusind Bank Ltd Murali Nagar Vishakhapatnam INDB0001724
Location Vishakhapatnam, Vishakhapatnam
City Vishakhapatnam
District Vishakhapatnam
State Andhra Pradesh
Pincode 530007
Country IN
Address Ground floorã½ plot noã½ 08ã½ sy noã½ 54 and 55ã½ madhavadhara villageã½ bank streetã½ muralinagarã½ nr function hallã½ vishakhapatnamã½ andhra pradesh pin code 530007
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 0 for Murali Nagar Vishakhapatnam 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 0 of Indus Bank, Murali Nagar Vishakhapatnam branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Murali Nagar Vishakhapatnam 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 -

>>Murali Nagar Vishakhapatnam

MICR code for Indusind Bank Murali Nagar Vishakhapatnam

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 Murali Nagar Vishakhapatnam 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. 0 is the MICR code of Indusind Bank for Murali Nagar Vishakhapatnam branch. MICR code for Murali Nagar Vishakhapatnam 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 Murali Nagar Vishakhapatnam is presented in the table alongside.

Use of Indus Bank MICR code for Murali Nagar Vishakhapatnam branch in vishakhapatnam

The MICR code 0 is used in RBI cheque clearing process to identify the branch Murali Nagar Vishakhapatnam 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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