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Indian Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Indian Bank Bangalore Bangalore Urban Karnataka

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ashoka Pillar
Contact 9740266364
Bank Details Indian Bank Ashoka Pillar IDIB000A183
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560011
Country IN
Address No.1, 8th cross, 7th main, jayanagar ii block, bangalore, karnataka, pin-560011
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 Ashoka Pillar 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, Ashoka Pillar branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Ashoka Pillar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Ashoka Pillar

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 Ashoka Pillar 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 Ashoka Pillar branch. MICR code for Ashoka Pillar 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 Ashoka Pillar is presented in the table alongside.

Use of Indian Bank MICR code for Ashoka Pillar branch in bangalore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ashoka Pillar 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.