Indusind Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Indusind Bank Chandigarh Chandigarh Chandigarh

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MICR Code	160234030
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 Thirty Eight Chandigarh
Contact	4965199
Bank Details	Indusind Bank Ltd Sector Thirty Eight Chandigarh INDB0000835

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160038
Country	IN
Address	Ground and basement floor sco 301 302 sector 38d chandigarh 160038

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.

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Sector Thirty Eight Chandigarh (160234030)

How does MICR code 160234030 for Sector Thirty Eight Chandigarh 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 160234030 of Indus Bank, Sector Thirty Eight Chandigarh branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Sector Thirty Eight Chandigarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 14 branches of Indusind Bank Ltd are available with micr code -

>>Chandigarh >>Chandigarh >>Chandigarh Sec. 35 >>Chandigarh Sector 16 D >>Chandigarh Sector 27 >>Industrial Area Chandigarh >>Industrial Area Phase Two Chandigarh >>Pioneer Sec Chd >>Sector 32 Chandigarh >>Sector Forty Seven Chandigarh >>Sector Fourty Chandigarh >>Sector Thirty Eight Chandigarh >>Sector Twenty D Chandigarh >>Sector Twenty Two Chandigarh

MICR code for Indusind Bank Sector Thirty Eight Chandigarh

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 Thirty Eight Chandigarh 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. 160234030 is the MICR code of Indusind Bank for Sector Thirty Eight Chandigarh branch. MICR code for Sector Thirty Eight Chandigarh 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 Thirty Eight Chandigarh is presented in the table alongside.

Use of Indus Bank MICR code for Sector Thirty Eight Chandigarh branch in chandigarh

The MICR code 160234030 is used in RBI cheque clearing process to identify the branch Sector Thirty Eight Chandigarh 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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