Indian Bank Noida Gautam Bodda Nagar Uttar Pradesh MICR CODE

Find MICR Codes for Indian Bank Noida Gautam Bodda Nagar Uttar Pradesh

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Greater Noida
Contact 0120 2322628
Bank Details Indian Bank Greater Noida IDIB000G058
Location Noida, Gautam Bodda Nagar
City Noida
District Gautam Bodda Nagar
State Uttar Pradesh
Pincode 201301
Country IN
Address S-7, i floor, gamma shopping mall, sector gamma, greater noida 201301
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 110019034 for Greater Noida 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 110019034 of Indian Bank, Greater Noida branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Greater Noida branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Indian Bank are available with micr code -

>>Greater Noida >>Noida >>Sec 19 Noida >>Sec 50 Noida

MICR code for Indian Bank Greater Noida

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 Greater Noida 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. 110019034 is the MICR code of Indian Bank for Greater Noida branch. MICR code for Greater Noida 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 Greater Noida is presented in the table alongside.

Use of Indian Bank MICR code for Greater Noida branch in noida

The MICR code 110019034 is used in RBI cheque clearing process to identify the branch Greater Noida 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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