MICR Code Bank
Find MICR code for Indian Bank Bhandup branches in India for NEFT and RTGS transfer

Indian Bank Bhandup MICR CODE

Find MICR Codes for Indian Bank Bhandup

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  1. Indian Bank »
  2. Maharashtra »
  3. mumbai »
  4. mumbai »
  5. bhandup (west)

Find MICR Codes for Indian Bank Bhandup

MICR Code: 400019054
Bank: Indian Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Bhandup (West)
Contact: 022 25941215
Bank Details: Indian Bank Bhandup (West) IDIB000B102
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400078
Country: IN
Address: N.e.s. Complex national school marg bhandup west mumbai 400078

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

MICR code for Indian Bank bhandup

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

Use of Indian Bank MICR code for bhandup branch in mumbai

The MICR code is used in RBI cheque clearing process to identify the branch bhandup 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.