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Bandhan Bank Bhopal Chhindwara Madhya Pradesh MICR CODE

Find MICR Codes for Bandhan Bank Bhopal Chhindwara Madhya Pradesh

MICR Code
Bank Bandhan Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chhindwara
Contact 66090909
Bank Details Bandhan Bank Limited Chhindwara BDBL0001881
Location Bhopal, Chhindwara
City Bhopal
District Chhindwara
State Madhya Pradesh
Pincode 462001
Country IN
Address Parasia road,opp-pooja hotel,chhindwara,madhaya pradesh,pin-480001
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 480750001 for Chhindwara 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 480750001 of Bandhan Bank Ltd, Chhindwara branch makes the system almost error free and faster. Use of Bandhan Bank Ltd MICR codes for Chhindwara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bandhan Bank Limited are available with micr code -

>>Chhindwara

MICR code for Bandhan Bank Chhindwara

Bandhan Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Bandhan Bank Ltd MICR code for Chhindwara 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. 480750001 is the MICR code of Bandhan Bank for Chhindwara branch. MICR code for Chhindwara 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 Bandhan Bank Ltd Chhindwara is presented in the table alongside.

Use of Bandhan Bank Ltd MICR code for Chhindwara branch in bhopal

The MICR code 480750001 is used in RBI cheque clearing process to identify the branch Chhindwara and Bandhan Bank Ltd 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 Bandhan Bank is typically in either of these two font’s: E-138 and CMC-7.