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Indusind Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Indusind Bank Bangalore Bangalore Urban Karnataka

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nehrunagar Coop Bank Seshadripuram
Contact S.G Nanda Kumar Ceo Mob No. 9845077552
Bank Details Indusind Bank Ltd Nehrunagar Coop Bank Seshadripuram INDB0NNCB01
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560020
Country IN
Address No.172, 1st main, seshadripuram, bangalore-560020
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 560226324 for Nehrunagar Coop Bank Seshadripuram 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 560226324 of Indus Bank, Nehrunagar Coop Bank Seshadripuram branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Nehrunagar Coop Bank Seshadripuram branch, makes the characters readable even if there are other marks and stamps on it.

A total of 65 branches of Indusind Bank Ltd are available with micr code -

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MICR code for Indusind Bank Nehrunagar Coop Bank Seshadripuram

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 Nehrunagar Coop Bank Seshadripuram 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. 560226324 is the MICR code of Indusind Bank for Nehrunagar Coop Bank Seshadripuram branch. MICR code for Nehrunagar Coop Bank Seshadripuram 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 Nehrunagar Coop Bank Seshadripuram is presented in the table alongside.

Use of Indus Bank MICR code for Nehrunagar Coop Bank Seshadripuram branch in bangalore

The MICR code 560226324 is used in RBI cheque clearing process to identify the branch Nehrunagar Coop Bank Seshadripuram 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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