Let Others Know
×
LinkedIn
Email
WhatsApp

Indian Bank Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Indian Bank Ahmedabad Ahmedabad Gujarat

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ashram Road
Contact 079 27540019
Bank Details Indian Bank Ashram Road IDIB000A065
Location Ahmedabad, Ahmedabad
City Ahmedabad
District Ahmedabad
State Gujarat
Pincode 380009
Country IN
Address Maruthi house ashram road ahmedabad 380009
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 380019003 for Ashram Road 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 380019003 of Indian Bank, Ashram Road branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Ashram Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Ashram Road

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 Ashram Road 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. 380019003 is the MICR code of Indian Bank for Ashram Road branch. MICR code for Ashram Road 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 Ashram Road is presented in the table alongside.

Use of Indian Bank MICR code for Ashram Road branch in ahmedabad

The MICR code 380019003 is used in RBI cheque clearing process to identify the branch Ashram Road 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.