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ING Vysya Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for ING Vysya Bank Bangalore Bangalore Urban Karnataka

MICR Code
Bank Ing Vysya Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Finance
Contact Rtgshelpdesk@ingvysyabank.Com
Bank Details Ing Vysya Bank Ltd Finance VYSA0001000
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560100
Country IN
Address 22, m.g.road, bangalore
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 Finance 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 ING Vysya, Finance branch makes the system almost error free and faster. Use of ING Vysya MICR codes for Finance branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ING Vysya Bank Finance

ING Vysya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ING Vysya MICR code for Finance 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 ING Bank for Finance branch. MICR code for Finance 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 ING Vysya Finance is presented in the table alongside.

Use of ING Vysya MICR code for Finance branch in bangalore

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