Indusind Bank Muktsar Muktsar Punjab MICR CODE

Find MICR Codes for Indusind Bank Muktsar Muktsar Punjab

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Warring
Contact 275036
Bank Details Indusind Bank Ltd Warring INDB0000946
Location Muktsar, Muktsar
City Muktsar
District Muktsar
State Punjab
Pincode 152025
Country IN
Address Ground floor kh no 63 21 tehsil district sh muktsar sahib punjab 52025
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 0 for Warring 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 0 of Indus Bank, Warring branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Warring branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Indusind Bank Ltd are available with micr code -

>>Kheowli >>Lalbai >>Muktsar >>Warring

MICR code for Indusind Bank Warring

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 Warring 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. 0 is the MICR code of Indusind Bank for Warring branch. MICR code for Warring 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 Warring is presented in the table alongside.

Use of Indus Bank MICR code for Warring branch in muktsar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Warring 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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