Indusind Bank Kanpur Kanpur Uttar Pradesh MICR CODE

Find MICR Codes for Indusind Bank Kanpur Kanpur Uttar Pradesh

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Saket Nagar
Contact 2600026
Bank Details Indusind Bank Ltd Saket Nagar INDB0001016
Location Kanpur, Kanpur
City Kanpur
District Kanpur
State Uttar Pradesh
Pincode 208014
Country IN
Address Upper ground floor 127 784 22 w1block near saidham mandir saket nagar kanpur 208014
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 208234009 for Saket Nagar 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 208234009 of Indus Bank, Saket Nagar branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Saket Nagar 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 -

>>Saket Nagar

MICR code for Indusind Bank Saket Nagar

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 Saket Nagar 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. 208234009 is the MICR code of Indusind Bank for Saket Nagar branch. MICR code for Saket Nagar 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 Saket Nagar is presented in the table alongside.

Use of Indus Bank MICR code for Saket Nagar branch in kanpur

The MICR code 208234009 is used in RBI cheque clearing process to identify the branch Saket Nagar 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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