Indusind Bank Phagwara Kapurthala Punjab MICR CODE

Find MICR Codes for Indusind Bank Phagwara Kapurthala Punjab

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rampur Khaliyan
Contact 243182
Bank Details Indusind Bank Ltd Rampur Khaliyan INDB0000774
Location Phagwara, Kapurthala
City Phagwara
District Kapurthala
State Punjab
Pincode 144405
Country IN
Address Grd flr shop no 1 2 main chowk rampur khalyan phagwara kapurthala punjab 144405
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 0 for Rampur Khaliyan 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 0 of Indus Bank, Rampur Khaliyan branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Rampur Khaliyan branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Indusind Bank Ltd are available with micr code -

>>Baghana >>Phagwara >>Rampur Khaliyan

MICR code for Indusind Bank Rampur Khaliyan

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 Rampur Khaliyan 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. 0 is the MICR code of Indusind Bank for Rampur Khaliyan branch. MICR code for Rampur Khaliyan 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 Rampur Khaliyan is presented in the table alongside.

Use of Indus Bank MICR code for Rampur Khaliyan branch in phagwara

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rampur Khaliyan 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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