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Bandhan Bank Kolkata North 24 Parganas West Bengal MICR CODE

Find MICR Codes for Bandhan Bank Kolkata North 24 Parganas West Bengal

MICR Code
Bank Bandhan Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Madhyamgram
Contact 9831137259
Bank Details Bandhan Bank Limited Madhyamgram BDBL0001020
Location Kolkata, North 24 Parganas
City Kolkata
District North 24 Parganas
State West Bengal
Pincode 700129
Country IN
Address 237,sodepur road,madhyamgram,kolkata 700129,west bengal
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 700750049 for Madhyamgram 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 700750049 of Bandhan Bank Ltd, Madhyamgram branch makes the system almost error free and faster. Use of Bandhan Bank Ltd MICR codes for Madhyamgram branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bandhan Bank Madhyamgram

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 Madhyamgram 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. 700750049 is the MICR code of Bandhan Bank for Madhyamgram branch. MICR code for Madhyamgram 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 Madhyamgram is presented in the table alongside.

Use of Bandhan Bank Ltd MICR code for Madhyamgram branch in kolkata

The MICR code 700750049 is used in RBI cheque clearing process to identify the branch Madhyamgram 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.