Indusind Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Indusind Bank Chennai Chennai Tamil Nadu

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MICR Code	600234020
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	Royapettah Chennai
Contact	49527607
Bank Details	Indusind Bank Ltd Royapettah Chennai INDB0000803

Location	Chennai, Chennai
City	Chennai
District	Chennai
State	Tamil Nadu
Pincode	600014
Country	IN
Address	Upper grd first flr door no 151 old door no 90 avvai shanmugam salai royapettah chennai 600 014 tn

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 600234020 for Royapettah Chennai 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 600234020 of Indus Bank, Royapettah Chennai branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Royapettah Chennai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 45 branches of Indusind Bank Ltd are available with micr code -

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MICR code for Indusind Bank Royapettah Chennai

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 Royapettah Chennai 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. 600234020 is the MICR code of Indusind Bank for Royapettah Chennai branch. MICR code for Royapettah Chennai 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 Royapettah Chennai is presented in the table alongside.

Use of Indus Bank MICR code for Royapettah Chennai branch in chennai

The MICR code 600234020 is used in RBI cheque clearing process to identify the branch Royapettah Chennai 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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