Indusind Bank Shimoga Shimoga Karnataka MICR CODE

Find MICR Codes for Indusind Bank Shimoga Shimoga Karnataka

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch The Sammco Bank Limited Apmc Yard
Contact T S Sathish - 08182 250155
Bank Details Indusind Bank Ltd The Sammco Bank Limited Apmc Yard INDB0SAMC01
Location Shimoga, Shimoga
City Shimoga
District Shimoga
State Karnataka
Pincode 577204
Country IN
Address No - 1 (10) apmc yard, shimoga - 577204
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 577802202 for The Sammco Bank Limited Apmc Yard 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 577802202 of Indus Bank, The Sammco Bank Limited Apmc Yard branch makes the system almost error free and faster. Use of Indus Bank MICR codes for The Sammco Bank Limited Apmc Yard branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Indusind Bank Ltd are available with micr code -

>>Shimoga >>The Sammco Bank Limited Apmc Yard

MICR code for Indusind Bank The Sammco Bank Limited Apmc Yard

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 Sammco Bank Limited Apmc Yard 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. 577802202 is the MICR code of Indusind Bank for The Sammco Bank Limited Apmc Yard branch. MICR code for The Sammco Bank Limited Apmc Yard 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 Sammco Bank Limited Apmc Yard is presented in the table alongside.

Use of Indus Bank MICR code for The Sammco Bank Limited Apmc Yard branch in shimoga

The MICR code 577802202 is used in RBI cheque clearing process to identify the branch The Sammco Bank Limited Apmc Yard 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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