Indian Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Madurai Madurai Tamil Nadu

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Anna Nagar (Madurai)
Contact 0452 2532995
Bank Details Indian Bank Anna Nagar (Madurai) IDIB000T091
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625020
Country IN
Address Plot no 393 main road annanagar 625020
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 625019003 for Anna Nagar (Madurai) 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 625019003 of Indian Bank, Anna Nagar (Madurai) branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Anna Nagar (Madurai) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Anna Nagar (Madurai)

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 Anna Nagar (Madurai) 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. 625019003 is the MICR code of Indian Bank for Anna Nagar (Madurai) branch. MICR code for Anna Nagar (Madurai) 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 Anna Nagar (Madurai) is presented in the table alongside.

Use of Indian Bank MICR code for Anna Nagar (Madurai) branch in madurai

The MICR code 625019003 is used in RBI cheque clearing process to identify the branch Anna Nagar (Madurai) 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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