Indusind Bank Sas Nagar Mohali Rupnagar Punjab MICR CODE

Find MICR Codes for Indusind Bank Sas Nagar Mohali Rupnagar Punjab

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MICR Code	160234026
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	Sector Seventy Mohali
Contact	4605475
Bank Details	Indusind Bank Ltd Sector Seventy Mohali INDB0000732

Location	Sas Nagar Mohali, Rupnagar
City	Sas Nagar Mohali
District	Rupnagar
State	Punjab
Pincode	160070
Country	IN
Address	Ground and 1st floor sco 675 sector 70 mohali 160070 punjab

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 160234026 for Sector Seventy Mohali 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 160234026 of Indus Bank, Sector Seventy Mohali branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Sector Seventy Mohali 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 -

>>Mohali Phase >>Sector Seventy Mohali >>Sector Sixty Seven Mohali

MICR code for Indusind Bank Sector Seventy Mohali

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 Seventy Mohali 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. 160234026 is the MICR code of Indusind Bank for Sector Seventy Mohali branch. MICR code for Sector Seventy Mohali 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 Seventy Mohali is presented in the table alongside.

Use of Indus Bank MICR code for Sector Seventy Mohali branch in sas nagar mohali

The MICR code 160234026 is used in RBI cheque clearing process to identify the branch Sector Seventy Mohali 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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