Indian Bank Eluru West Godavari Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Eluru West Godavari Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	534019095
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Eluru
Contact	08812 230178
Bank Details	Indian Bank Eluru IDIB000E006

Location	Eluru, West Godavari
City	Eluru
District	West Godavari
State	Andhra Pradesh
Pincode	534002
Country	IN
Address	P b no. 281 ramachandra rao pet eluru west godavari dist 534002

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 534019095 for Eluru 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 534019095 of Indian Bank, Eluru branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Eluru branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Indian Bank are available with micr code -

>>Eluru >>Microsate Branch Eluru >>Narashimaraopet

MICR code for Indian Bank Eluru

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 Eluru 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. 534019095 is the MICR code of Indian Bank for Eluru branch. MICR code for Eluru 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 Eluru is presented in the table alongside.

Use of Indian Bank MICR code for Eluru branch in eluru

The MICR code 534019095 is used in RBI cheque clearing process to identify the branch Eluru 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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