Indusind Bank Surat. Surat Gujarat MICR CODE

Find MICR Codes for Indusind Bank Surat. Surat Gujarat

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch The City Coop Bank Udhna Magdalla
Contact Prakash B. Ahir +91 9925284181 0261- 2631542 , 2631642
Bank Details Indusind Bank Ltd The City Coop Bank Udhna Magdalla INDB0CITY05
Location Surat., Surat
City Surat.
District Surat
State Gujarat
Pincode 395007
Country IN
Address 11 , city center , udhna magdalla road , surat .
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 395115005 for The City Coop Bank Udhna Magdalla 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 395115005 of Indus Bank, The City Coop Bank Udhna Magdalla branch makes the system almost error free and faster. Use of Indus Bank MICR codes for The City Coop Bank Udhna Magdalla branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank The City Coop Bank Udhna Magdalla

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 The City Coop Bank Udhna Magdalla 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. 395115005 is the MICR code of Indusind Bank for The City Coop Bank Udhna Magdalla branch. MICR code for The City Coop Bank Udhna Magdalla 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 The City Coop Bank Udhna Magdalla is presented in the table alongside.

Use of Indus Bank MICR code for The City Coop Bank Udhna Magdalla branch in surat.

The MICR code 395115005 is used in RBI cheque clearing process to identify the branch The City Coop Bank Udhna Magdalla 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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