Indusind Bank Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Indusind Bank Ahmedabad Ahmedabad Gujarat

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nava Naroda
Contact 9033001014
Bank Details Indusind Bank Ltd Nava Naroda INDB0001382
Location Ahmedabad, Ahmedabad
City Ahmedabad
District Ahmedabad
State Gujarat
Pincode 121314
Country IN
Address Indusind bank ltd gf shop no 121314 vitthal plaza opp geb naroda dehgam road nava naroda ahmedabad 382330
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 380234029 for Nava Naroda 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 380234029 of Indus Bank, Nava Naroda branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Nava Naroda branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Nava Naroda

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 Nava Naroda 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. 380234029 is the MICR code of Indusind Bank for Nava Naroda branch. MICR code for Nava Naroda 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 Nava Naroda is presented in the table alongside.

Use of Indus Bank MICR code for Nava Naroda branch in ahmedabad

The MICR code 380234029 is used in RBI cheque clearing process to identify the branch Nava Naroda 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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