Indusind Bank Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for Indusind Bank Hyderabad Hyderabad Telangana

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MICR Code	500234043
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	Panjaguta
Contact	40-23355090
Bank Details	Indusind Bank Ltd Panjaguta INDB0001900

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Telangana
Pincode	500034
Country	IN
Address	G2b astral heights, punjagutta road no1 banjara hills, near nagarjuna circle, hyderabad telangana 500034

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 500234043 for Panjaguta 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 500234043 of Indus Bank, Panjaguta branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Panjaguta branch, makes the characters readable even if there are other marks and stamps on it.

A total of 29 branches of Indusind Bank Ltd are available with micr code -

>>Abids >>B.N Reddy >>Balanagar >>Banjara Hills Road No Twelve >>Botanical Garden Road >>Chandanagar >>Habsiguda Hyderabad >>Jubilee Hills Hyderabad >>Jubilee Hillsroad No Thirty Six >>Khammam >>Kondapur >>Kothapet >>Kukatpally Jntu >>L B Nagar Hyderabad >>M G Road >>Manikonda >>Nanakramguda >>Narayanguda Hyderabad Telangana >>Panjaguta >>Pet Basheerabad >>Road No Forty Five Jubilee Hills >>S R Nagar Hyderabad >>Santosh Nagar Hyderabad >>Siddambar Bazar >>Siddipet >>Srinagar Colony >>Vanasthalipuram >>Vivekanandnagar

MICR code for Indusind Bank Panjaguta

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 Panjaguta 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. 500234043 is the MICR code of Indusind Bank for Panjaguta branch. MICR code for Panjaguta 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 Panjaguta is presented in the table alongside.

Use of Indus Bank MICR code for Panjaguta branch in hyderabad

The MICR code 500234043 is used in RBI cheque clearing process to identify the branch Panjaguta 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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