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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, borivali branch makes the system almost error free and faster. Use of Indian Bank MICR codes for borivali branch, makes the characters readable even if there are other marks and stamps on it.
>>Andheri >>Andheri D N Nagar >>Anushakti Nagar >>Bandra >>Bhandup (West) >>Bhavans Campus >>Bhayandar >>Borivali (West) >>Borivili (East) >>Cbd Belapur >>Chembur >>Cms Hub Mumbai >>Corporate Branch Mumbai >>Corporate Branch Mumbai >>Cuffee Parade >>Cumbala Hill >>D K Sandhu Marg >>Dadar >>Dadar East >>Dahisar East >>Dharavi >>Fort >>Fxpc Mumbai >>Ghatkopar >>Goregaon >>Iraniwadi (Kandivali West) >>Juhu Ville Parle Development Scheme >>Kandivali (East) >>Khardanda >>Kings Circle >>L.C.B. Mumbai >>Mahakali Caves Road >>Mahim >>Malad >>Malad East >>Mandvi >>Matunga >>Matunga Bazaar >>Mcb Fort Mumbai >>Mcb Mumbai Fort >>Mcb Worli Mumbai >>Mulund >>Mumbai Fort >>Nariman Point Mumbai >>Navy Nagar Colaba >>Nepean Sea Road >>Nerul >>Oshiwara >>Prabhadevi >>Prarthana Samaj >>Sam Mumbai >>Santa Cruz >>Siddathnagar >>Sion >>Sion >>Sion Circle >>Vasant Garden Mumbai >>Vashi >>Vile Parle >>Vile Parle West >>Wadala >>Wadala >>Worli
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 borivali 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 borivali branch. MICR code for borivali 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 borivali is presented in the table alongside.
The MICR code is used in RBI cheque clearing process to identify the branch borivali 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.