Indusind Bank Gurgaon Gurgaon Haryana MICR CODE

Find MICR Codes for Indusind Bank Gurgaon Gurgaon Haryana

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sector 23 Gurgaon
Contact 4276794
Bank Details Indusind Bank Ltd Sector 23 Gurgaon INDB0000608
Location Gurgaon, Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Pincode 122017
Country IN
Address Ground basement sco 41 sector 23 huda market gurgaon 122017 haryana
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 110234059 for Sector 23 Gurgaon 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 110234059 of Indus Bank, Sector 23 Gurgaon branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Sector 23 Gurgaon branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Sector 23 Gurgaon

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 Sector 23 Gurgaon 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. 110234059 is the MICR code of Indusind Bank for Sector 23 Gurgaon branch. MICR code for Sector 23 Gurgaon 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 Sector 23 Gurgaon is presented in the table alongside.

Use of Indus Bank MICR code for Sector 23 Gurgaon branch in gurgaon

The MICR code 110234059 is used in RBI cheque clearing process to identify the branch Sector 23 Gurgaon 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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