Indusind Bank Velacherry Chennai Tamil Nadu MICR CODE

Find MICR Codes for Indusind Bank Velacherry Chennai Tamil Nadu

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Velacherry
Contact 22590228
Bank Details Indusind Bank Ltd Velacherry INDB0000606
Location Velacherry, Chennai
City Velacherry
District Chennai
State Tamil Nadu
Pincode 600042
Country IN
Address Gr flr dev apartments 28a 1 venkateshwara ngr 100ft bye pass rd velachery chennai 600042 tamilnadu
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 600234019 for Velacherry 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 600234019 of Indus Bank, Velacherry branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Velacherry branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indusind Bank Ltd are available with micr code -

>>Velacherry

MICR code for Indusind Bank Velacherry

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 Velacherry 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. 600234019 is the MICR code of Indusind Bank for Velacherry branch. MICR code for Velacherry 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 Velacherry is presented in the table alongside.

Use of Indus Bank MICR code for Velacherry branch in velacherry

The MICR code 600234019 is used in RBI cheque clearing process to identify the branch Velacherry 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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