Indusind Bank Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for Indusind Bank Raipur Raipur Chhattisgarh

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pachpedi Naka Raipur
Contact 4024921
Bank Details Indusind Bank Ltd Pachpedi Naka Raipur INDB0000970
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492006
Country IN
Address Ground 1st floor++colors mall nh43 pachpedinaka
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 492234009 for Pachpedi Naka Raipur 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 492234009 of Indus Bank, Pachpedi Naka Raipur branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Pachpedi Naka Raipur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 11 branches of Indusind Bank Ltd are available with micr code -

>>Amlidih >>Birgaon >>Ge Road Raipur >>Mg Road Raipur >>Mowa Raipur >>Nahar Para Raipur >>New Rajendra Nagar Raipur >>Pachpedi Naka Raipur >>Raipur >>Shankarnagar Raipur >>Telibandha Raipur

MICR code for Indusind Bank Pachpedi Naka Raipur

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 Pachpedi Naka Raipur 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. 492234009 is the MICR code of Indusind Bank for Pachpedi Naka Raipur branch. MICR code for Pachpedi Naka Raipur 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 Pachpedi Naka Raipur is presented in the table alongside.

Use of Indus Bank MICR code for Pachpedi Naka Raipur branch in raipur

The MICR code 492234009 is used in RBI cheque clearing process to identify the branch Pachpedi Naka Raipur 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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