Indusind Bank Rajaji Salai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Indusind Bank Rajaji Salai Chennai Tamil Nadu

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rajaji Salai
Contact 044-30063030
Bank Details Indusind Bank Ltd Rajaji Salai INDB0000167
Location Rajaji Salai, Chennai
City Rajaji Salai
District Chennai
State Tamil Nadu
Pincode 600001
Country IN
Address J c. House, grd flr, main building, no.72, rajaji salai, opp. Beach station, chennai - 600 001 tamil nadu
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 600234008 for Rajaji Salai 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 600234008 of Indus Bank, Rajaji Salai branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Rajaji Salai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indusind Bank Ltd are available with micr code -

>>Rajaji Salai

MICR code for Indusind Bank Rajaji Salai

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 Rajaji Salai 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. 600234008 is the MICR code of Indusind Bank for Rajaji Salai branch. MICR code for Rajaji Salai 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 Rajaji Salai is presented in the table alongside.

Use of Indus Bank MICR code for Rajaji Salai branch in rajaji salai

The MICR code 600234008 is used in RBI cheque clearing process to identify the branch Rajaji Salai 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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