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Indusind Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Indusind Bank Bangalore Bangalore Urban Karnataka

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sri Lakshmi Mahila Sah Bank Niyamitha Basavanagudi
Contact 26614794
Bank Details Indusind Bank Ltd Sri Lakshmi Mahila Sah Bank Niyamitha Basavanagudi INDB0SLMC01
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560004
Country IN
Address No 3 and 4 lakshmi sadana east anjaneya temple street basavanagudi bangalore 560004
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 560226284 for Sri Lakshmi Mahila Sah Bank Niyamitha Basavanagudi 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 560226284 of Indus Bank, Sri Lakshmi Mahila Sah Bank Niyamitha Basavanagudi branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Sri Lakshmi Mahila Sah Bank Niyamitha Basavanagudi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 65 branches of Indusind Bank Ltd are available with micr code -

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MICR code for Indusind Bank Sri Lakshmi Mahila Sah Bank Niyamitha Basavanagudi

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 Sri Lakshmi Mahila Sah Bank Niyamitha Basavanagudi 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. 560226284 is the MICR code of Indusind Bank for Sri Lakshmi Mahila Sah Bank Niyamitha Basavanagudi branch. MICR code for Sri Lakshmi Mahila Sah Bank Niyamitha Basavanagudi 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 Sri Lakshmi Mahila Sah Bank Niyamitha Basavanagudi is presented in the table alongside.

Use of Indus Bank MICR code for Sri Lakshmi Mahila Sah Bank Niyamitha Basavanagudi branch in bangalore

The MICR code 560226284 is used in RBI cheque clearing process to identify the branch Sri Lakshmi Mahila Sah Bank Niyamitha Basavanagudi 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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