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Bandhan Bank Madhya Pradesh Indore Madhya Pradesh MICR CODE

Find MICR Codes for Bandhan Bank Madhya Pradesh Indore Madhya Pradesh

Bank Bandhan Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Cloth Market Indore
Contact 33-66090909
Bank Details Bandhan Bank Limited Cloth Market Indore BDBL0002073
Location Madhya Pradesh, Indore
City Madhya Pradesh
District Indore
State Madhya Pradesh
Pincode 452002
Country IN
Address Ground and mezzanine floor, 14 new, 17 old, narsin bazar, indore 452002, madhya pradesh
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 indore

You can search through MICR Codes of Madhya Pradesh branches in madhya pradesh of District indore 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 -

>>Cloth Market Indore

How to find MICR codes for Bandhan Bank in madhya pradesh?

Bandhan Bank madhya pradesh 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 madhya pradesh, one can further search by branch name specified in the table. You can find MICR codes for all Bandhan Bank madhya pradesh branches.

Bandhan Bank Ltd MICR code in madhya pradesh

Bandhan Bank MICR code is a character recognition technology used by banks in the processing of cheques. Bandhan Bank Ltd MICR code for madhya pradesh 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 madhya pradesh, 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 madhya pradesh 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 madhya pradesh 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 madhya pradesh branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bandhan Bank MICR codes for madhya pradesh branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!