Indusind Bank Sambalpur Sambalpur Orissa MICR CODE

Find MICR Codes for Indusind Bank Sambalpur Sambalpur Orissa

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MICR Code	768234002
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	Sambalpur
Contact	0663-2541366, 2541466, 2541566
Bank Details	Indusind Bank Ltd Sambalpur INDB0000376

Location	Sambalpur, Sambalpur
City	Sambalpur
District	Sambalpur
State	Orissa
Pincode	768004
Country	IN
Address	Upper ground floor, at plot no 2121/2392, unit-14,danipali, opp. Lic building, po budharaja, sambalpur- 768 004, odisha

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 768234002 for Sambalpur 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 768234002 of Indus Bank, Sambalpur branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Sambalpur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Indusind Bank Ltd are available with micr code -

>>Laxmi Talkies Chowk Sambalpur >>Sambalpur

MICR code for Indusind Bank Sambalpur

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 Sambalpur 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. 768234002 is the MICR code of Indusind Bank for Sambalpur branch. MICR code for Sambalpur 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 Sambalpur is presented in the table alongside.

Use of Indus Bank MICR code for Sambalpur branch in sambalpur

The MICR code 768234002 is used in RBI cheque clearing process to identify the branch Sambalpur 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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