Indian Bank Bhubaneswar Khurda Orissa MICR CODE

Find MICR Codes for Indian Bank Bhubaneswar Khurda Orissa

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Barmunda
Contact	9437568573
Bank Details	Indian Bank Barmunda IDIB000B157

Location	Bhubaneswar, Khurda
City	Bhubaneswar
District	Khurda
State	Orissa
Pincode	751003
Country	IN
Address	Plot no.m-134, baramunda housing board colony, baramunda, bhubaneswar, khurda dist, orissa, pin - 751003

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 Barmunda 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, Barmunda branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Barmunda branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Indian Bank are available with micr code -

>>Barmunda >>Jagannath Road >>Kalinga Vihar >>Kharvel Nagar >>M T Marg >>Microsate Bhubaneswar >>Patia >>Rajib Bhawan >>Saheed Nagar >>Sailashri Vihar

MICR code for Indian Bank Barmunda

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 Barmunda 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 Barmunda branch. MICR code for Barmunda 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 Barmunda is presented in the table alongside.

Use of Indian Bank MICR code for Barmunda branch in bhubaneswar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Barmunda 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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