Indian Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Madurai Madurai Tamil Nadu

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bibikulam
Contact 0452 2531522
Bank Details Indian Bank Bibikulam IDIB000B066
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625002
Country IN
Address 8a ratnasamy nadar cross cut road bibikulam 625002
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 625019005 for Bibikulam 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 625019005 of Indian Bank, Bibikulam branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Bibikulam branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Bibikulam

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 Bibikulam 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. 625019005 is the MICR code of Indian Bank for Bibikulam branch. MICR code for Bibikulam 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 Bibikulam is presented in the table alongside.

Use of Indian Bank MICR code for Bibikulam branch in madurai

The MICR code 625019005 is used in RBI cheque clearing process to identify the branch Bibikulam 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.

Copied!