Indusind Bank Salem Salem Tamil Nadu MICR CODE

Find MICR Codes for Indusind Bank Salem Salem Tamil Nadu

↻ Reload
MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Salem
Contact 0427 2443292, 2449547 2441711
Bank Details Indusind Bank Ltd Salem INDB0000116
Location Salem, Salem
City Salem
District Salem
State Tamil Nadu
Pincode 636016
Country IN
Address Santham shopping complex, 137 saradha college, main road, alagapuram, salem 636 016
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 636234002 for Salem 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 636234002 of Indus Bank, Salem branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Salem 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 -

>>Cherry Road Salem >>Salem >>Sankari

MICR code for Indusind Bank Salem

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 Salem 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. 636234002 is the MICR code of Indusind Bank for Salem branch. MICR code for Salem 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 Salem is presented in the table alongside.

Use of Indus Bank MICR code for Salem branch in salem

The MICR code 636234002 is used in RBI cheque clearing process to identify the branch Salem 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.

Copied!