Indusind Bank Kolkatta Kolkata West Bengal MICR CODE

Find MICR Codes for Indusind Bank Kolkatta Kolkata West Bengal

↻ Reload
MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Salt Lake Sector 1 Kolkata
Contact 033-23342267;033-23342270;033-23342271;033-23342272;033-23342273;033-23342275—fax
Bank Details Indusind Bank Ltd Salt Lake Sector 1 Kolkata INDB0000526
Location Kolkatta, Kolkata
City Kolkatta
District Kolkata
State West Bengal
Pincode 700064
Country IN
Address Ground floor, bf-20, salt lake, sector-1, tank no 4, cap camp stopage, kolkata- 700 064, west bengal
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 700234020 for Salt Lake Sector 1 Kolkata 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 700234020 of Indus Bank, Salt Lake Sector 1 Kolkata branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Salt Lake Sector 1 Kolkata branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Indusind Bank Ltd are available with micr code -

>>Burra Bazar >>Kolkata >>Salt Lake Sector 1 Kolkata >>Salt Lake Sector V Kolkata >>Stock Exchange

MICR code for Indusind Bank Salt Lake Sector 1 Kolkata

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 Salt Lake Sector 1 Kolkata 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. 700234020 is the MICR code of Indusind Bank for Salt Lake Sector 1 Kolkata branch. MICR code for Salt Lake Sector 1 Kolkata 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 Salt Lake Sector 1 Kolkata is presented in the table alongside.

Use of Indus Bank MICR code for Salt Lake Sector 1 Kolkata branch in kolkatta

The MICR code 700234020 is used in RBI cheque clearing process to identify the branch Salt Lake Sector 1 Kolkata 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!