Indusind Bank Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for Indusind Bank Rajkot Rajkot Gujarat

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vaswani Road
Contact 2814
Bank Details Indusind Bank Ltd Vaswani Road INDB0001481
Location Rajkot, Rajkot
City Rajkot
District Rajkot
State Gujarat
Pincode 360005
Country IN
Address Ground floor shop no 20 21 27 28 anmol complex sadhu vaswani road rajkot 360005 gujarat
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 360234005 for Vaswani Road 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 360234005 of Indus Bank, Vaswani Road branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Vaswani Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Indusind Bank Ltd are available with micr code -

>>Chordi >>Gondal Road Rajkot >>Metoda >>Nana Mauva >>Rajkot >>Ranchhod Nagar Rajkot >>Ring Road Rajkot >>Vaswani Road

MICR code for Indusind Bank Vaswani Road

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 Vaswani Road 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. 360234005 is the MICR code of Indusind Bank for Vaswani Road branch. MICR code for Vaswani Road 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 Vaswani Road is presented in the table alongside.

Use of Indus Bank MICR code for Vaswani Road branch in rajkot

The MICR code 360234005 is used in RBI cheque clearing process to identify the branch Vaswani Road 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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