Indusind Bank Bangalore Urban Bangalore Karnataka MICR CODE

Find MICR Codes for Indusind Bank Bangalore Urban Bangalore Karnataka

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sree Thyagaraja Co Operative Urban Bank Ltd Bsk Two
Contact 22958164
Bank Details Indusind Bank Ltd Sree Thyagaraja Co Operative Urban Bank Ltd Bsk Two INDB0STCB05
Location Bangalore Urban, Bangalore
City Bangalore Urban
District Bangalore
State Karnataka
Pincode 560070
Country IN
Address No 3346 a 228 k r road banashankari 2 nd stage bangalore 560 070
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 560226274 for Sree Thyagaraja Co Operative Urban Bank Ltd Bsk Two 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 560226274 of Indus Bank, Sree Thyagaraja Co Operative Urban Bank Ltd Bsk Two branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Sree Thyagaraja Co Operative Urban Bank Ltd Bsk Two branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Sree Thyagaraja Co Operative Urban Bank Ltd Bsk Two

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 Sree Thyagaraja Co Operative Urban Bank Ltd Bsk Two 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. 560226274 is the MICR code of Indusind Bank for Sree Thyagaraja Co Operative Urban Bank Ltd Bsk Two branch. MICR code for Sree Thyagaraja Co Operative Urban Bank Ltd Bsk Two 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 Sree Thyagaraja Co Operative Urban Bank Ltd Bsk Two is presented in the table alongside.

Use of Indus Bank MICR code for Sree Thyagaraja Co Operative Urban Bank Ltd Bsk Two branch in bangalore urban

The MICR code 560226274 is used in RBI cheque clearing process to identify the branch Sree Thyagaraja Co Operative Urban Bank Ltd Bsk Two 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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