Indusind Bank Bhilainagar Durg Chhattisgarh MICR CODE

Find MICR Codes for Indusind Bank Bhilainagar Durg Chhattisgarh

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MICR Code	490234002
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	Nehru Nagar Bhilai
Contact	2292570
Bank Details	Indusind Bank Ltd Nehru Nagar Bhilai INDB0000968

Location	Bhilainagar, Durg
City	Bhilainagar
District	Durg
State	Chhattisgarh
Pincode	490020
Country	IN
Address	Ground floor near krishna public school main road nehru nagar durg dist

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 490234002 for Nehru Nagar Bhilai 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 490234002 of Indus Bank, Nehru Nagar Bhilai branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Nehru Nagar Bhilai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Indusind Bank Ltd are available with micr code -

>>Bhilai >>Nehru Nagar Bhilai

MICR code for Indusind Bank Nehru Nagar Bhilai

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 Nehru Nagar Bhilai 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. 490234002 is the MICR code of Indusind Bank for Nehru Nagar Bhilai branch. MICR code for Nehru Nagar Bhilai 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 Nehru Nagar Bhilai is presented in the table alongside.

Use of Indus Bank MICR code for Nehru Nagar Bhilai branch in bhilainagar

The MICR code 490234002 is used in RBI cheque clearing process to identify the branch Nehru Nagar Bhilai 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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