Standard Chartered Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Standard Chartered Bank Indore Indore Madhya Pradesh

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MICR Code	-NA-
Bank	Standard Chartered Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Indore
Contact	0731-5206900
Bank Details	Standard Chartered Bank Indore SCBL0036069

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452001
Country	IN
Address	D.m.towers, 21/1 race course road, indore - 452 001.

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 Indore 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 SCB, Indore branch makes the system almost error free and faster. Use of SCB MICR codes for Indore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Standard Chartered Bank are available with micr code -

>>Indore

MICR code for Standard Chartered Bank Indore

Standard Chartered Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. SCB MICR code for Indore 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 Standard Chartered Bank for Indore branch. MICR code for Indore 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 SCB Indore is presented in the table alongside.

Use of SCB MICR code for Indore branch in indore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Indore and SCB 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 Standard Chartered Bank is typically in either of these two font’s: E-138 and CMC-7.

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