Indian Bank Tiruchirappalli Tiruchiorappalli Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Tiruchirappalli Tiruchiorappalli Tamil Nadu

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gundur
Contact 0431 2660440
Bank Details Indian Bank Gundur IDIB000T113
Location Tiruchirappalli, Tiruchiorappalli
City Tiruchirappalli
District Tiruchiorappalli
State Tamil Nadu
Pincode 620007
Country IN
Address Miet complex pudukottai main road gundur trichy 620007
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 620019016 for Gundur 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 620019016 of Indian Bank, Gundur branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Gundur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Gundur

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 Gundur 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. 620019016 is the MICR code of Indian Bank for Gundur branch. MICR code for Gundur 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 Gundur is presented in the table alongside.

Use of Indian Bank MICR code for Gundur branch in tiruchirappalli

The MICR code 620019016 is used in RBI cheque clearing process to identify the branch Gundur 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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