Indusind Bank Shujalpur Shajapur Madhya Pradesh MICR CODE

Find MICR Codes for Indusind Bank Shujalpur Shajapur Madhya Pradesh

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MICR Code	465234051
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	Shujalpur
Contact	07360 - 242031-32
Bank Details	Indusind Bank Ltd Shujalpur INDB0000241

Location	Shujalpur, Shajapur
City	Shujalpur
District	Shajapur
State	Madhya Pradesh
Pincode	465333
Country	IN
Address	Ashra place,near choubey school, shujalpur mandi, 465 333

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 465234051 for Shujalpur 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 465234051 of Indus Bank, Shujalpur branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Shujalpur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indusind Bank Ltd are available with micr code -

>>Shujalpur

MICR code for Indusind Bank Shujalpur

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 Shujalpur 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. 465234051 is the MICR code of Indusind Bank for Shujalpur branch. MICR code for Shujalpur 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 Shujalpur is presented in the table alongside.

Use of Indus Bank MICR code for Shujalpur branch in shujalpur

The MICR code 465234051 is used in RBI cheque clearing process to identify the branch Shujalpur 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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