Indusind Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for Indusind Bank Panchkula Panchkula Haryana

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panchkula Sector 9
Contact 0172 – 5033751 – 61 / 765
Bank Details Indusind Bank Ltd Panchkula Sector 9 INDB0000164
Location Panchkula, Panchkula
City Panchkula
District Panchkula
State Haryana
Pincode 134109
Country IN
Address Sco-p, sector 9, panchkula -134109 , haryana
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 160234006 for Panchkula Sector 9 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 160234006 of Indus Bank, Panchkula Sector 9 branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Panchkula Sector 9 branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Indusind Bank Ltd are available with micr code -

>>Mdc Panchkula >>Panchkula >>Panchkula >>Panchkula Sector 20 >>Panchkula Sector 9

MICR code for Indusind Bank Panchkula Sector 9

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 Panchkula Sector 9 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. 160234006 is the MICR code of Indusind Bank for Panchkula Sector 9 branch. MICR code for Panchkula Sector 9 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 Panchkula Sector 9 is presented in the table alongside.

Use of Indus Bank MICR code for Panchkula Sector 9 branch in panchkula

The MICR code 160234006 is used in RBI cheque clearing process to identify the branch Panchkula Sector 9 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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