Indian Bank Salem Salem Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Salem Salem Tamil Nadu

Bank
State
District
City
Branch
Address

MICR Code	636019005
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Gugai
Contact	0427 2467686
Bank Details	Indian Bank Gugai IDIB000G052

Location	Salem, Salem
City	Salem
District	Salem
State	Tamil Nadu
Pincode	636006
Country	IN
Address	598, trichy main road s.k.complex gugai 636006

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 636019005 for Gugai 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 636019005 of Indian Bank, Gugai branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Gugai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 17 branches of Indian Bank are available with micr code -

>>Fairlands Main Road >>Gugai >>Ind Msme Salem >>Ind Retail Processing Centre Salem >>Jarikondalampatti >>Microsate Branch Salem >>Naal Road >>Periyaseeragapadi >>Plgb Salem >>Rapc Salem >>Salem >>Salem Fort >>Salem Junction >>Salem Main >>Seelanaickenpatti >>Shevapet >>Sivadhapuram

MICR code for Indian Bank Gugai

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 Gugai 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. 636019005 is the MICR code of Indian Bank for Gugai branch. MICR code for Gugai 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 Gugai is presented in the table alongside.

Use of Indian Bank MICR code for Gugai branch in salem

The MICR code 636019005 is used in RBI cheque clearing process to identify the branch Gugai 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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