Indusind Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Indusind Bank Nagpur Nagpur Maharashtra

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Wardha Road Nagpur
Contact 0712-2293710
Bank Details Indusind Bank Ltd Wardha Road Nagpur INDB0000561
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440015
Country IN
Address “ nav bharat bhawan”, plot no 3, chhatrapati square, sneh nagar, wardha road, nagpur- 440 015, maharashtra
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 440234010 for Wardha Road Nagpur 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 440234010 of Indus Bank, Wardha Road Nagpur branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Wardha Road Nagpur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Wardha Road Nagpur

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 Wardha Road Nagpur 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. 440234010 is the MICR code of Indusind Bank for Wardha Road Nagpur branch. MICR code for Wardha Road Nagpur 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 Wardha Road Nagpur is presented in the table alongside.

Use of Indus Bank MICR code for Wardha Road Nagpur branch in nagpur

The MICR code 440234010 is used in RBI cheque clearing process to identify the branch Wardha Road Nagpur 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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