Indian Bank Gadag Gadag Karnataka MICR CODE

Find MICR Codes for Indian Bank Gadag Gadag Karnataka

Bank
State
District
City
Branch
Address

MICR Code	582019002
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Gadag
Contact	8372235640
Bank Details	Indian Bank Gadag IDIB000G097

Location	Gadag, Gadag
City	Gadag
District	Gadag
State	Karnataka
Pincode	582101
Country	IN
Address	Shri sai complex, plot no.1, sevalal nagar, kalasapur road, gadag, karnataka, pin - 582101

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 582019002 for Gadag 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 582019002 of Indian Bank, Gadag branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Gadag branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Indian Bank are available with micr code -

>>Bangalore Gadag >>Gadag

MICR code for Indian Bank Gadag

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 Gadag 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. 582019002 is the MICR code of Indian Bank for Gadag branch. MICR code for Gadag 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 Gadag is presented in the table alongside.

Use of Indian Bank MICR code for Gadag branch in gadag

The MICR code 582019002 is used in RBI cheque clearing process to identify the branch Gadag 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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