Indian Bank Barwani Barwani Madhya Pradesh MICR CODE

Find MICR Codes for Indian Bank Barwani Barwani Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	451019051
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Barwani
Contact	07290 222122
Bank Details	Indian Bank Barwani IDIB000B134

Location	Barwani, Barwani
City	Barwani
District	Barwani
State	Madhya Pradesh
Pincode	451551
Country	IN
Address	83/1 devisingh marg barwani 451551

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 451019051 for Barwani 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 451019051 of Indian Bank, Barwani branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Barwani branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indian Bank are available with micr code -

>>Barwani

MICR code for Indian Bank Barwani

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 Barwani 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. 451019051 is the MICR code of Indian Bank for Barwani branch. MICR code for Barwani 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 Barwani is presented in the table alongside.

Use of Indian Bank MICR code for Barwani branch in barwani

The MICR code 451019051 is used in RBI cheque clearing process to identify the branch Barwani 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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