Indian Bank Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for Indian Bank Amritsar Amritsar Punjab

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ajnala Road Amritsar
Contact 0-12345
Bank Details Indian Bank Ajnala Road Amritsar IDIB000A268
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 143008
Country IN
Address Main gumtala chowk, ajnala road, amritsar-143008
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 Ajnala Road Amritsar 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 Indian Bank, Ajnala Road Amritsar branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Ajnala Road Amritsar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Indian Bank are available with micr code -

>>Ajnala Road Amritsar >>Amritsar >>Circular Road

MICR code for Indian Bank Ajnala Road Amritsar

Indian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indian Bank MICR code for Ajnala Road Amritsar 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 Indian Bank for Ajnala Road Amritsar branch. MICR code for Ajnala Road Amritsar 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 Indian Bank Ajnala Road Amritsar is presented in the table alongside.

Use of Indian Bank MICR code for Ajnala Road Amritsar branch in amritsar

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

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