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Bandhan Bank Indore Shajapur Madhya Pradesh MICR CODE

Find MICR Codes for Bandhan Bank Indore Shajapur Madhya Pradesh

MICR Code
Bank Bandhan Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shujalpur
Contact 66090909
Bank Details Bandhan Bank Limited Shujalpur BDBL0001501
Location Indore, Shajapur
City Indore
District Shajapur
State Madhya Pradesh
Pincode 465333
Country IN
Address Plot no.32,ward no 15,shastri marg,p.o.shujalpur,madhya pradesh,pin 465333
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.

Search Bandhan Bank MICR Codes in shajapur

You can search through MICR Codes of Madhya Pradesh branches in indore of District shajapur in Madhya Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Shujalpur

How to find MICR codes for Bandhan Bank in indore?

Bandhan Bank indore MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Bandhan Bank Ltd MICR codes list for indore, one can further search by branch name specified in the table. You can find MICR codes for all Bandhan Bank indore branches.

Bandhan Bank Ltd MICR code in indore

Bandhan Bank MICR code is a character recognition technology used by banks in the processing of cheques. Bandhan Bank Ltd MICR code for indore branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Bandhan Bank branches in indore, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Bandhan Bank MICR code for indore branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bandhan Bank indore branch, sprinted 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. Thus MICR code for Bandhan Bank Ltd indore branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bandhan Bank MICR codes for indore branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!