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Indian Bank Haldia East Medinipur West Bengal MICR CODE

Find MICR Codes for Indian Bank Haldia East Medinipur West Bengal

Bank
State
District
City
Branch
Address

MICR Code	721019002
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Haldia
Contact	03224 278593
Bank Details	Indian Bank Haldia IDIB000H029

Location	Haldia, East Medinipur
City	Haldia
District	East Medinipur
State	West Bengal
Pincode	721602
Country	IN
Address	Akash ganga commercial complex ist floor, block e, basudebpur, durga cpo khanjanchak, haldia, midnapore dt , west b721602

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 721019002 for Haldia 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 721019002 of Indian Bank, Haldia branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Haldia branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indian Bank are available with micr code -

>>Haldia

MICR code for Indian Bank Haldia

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 Haldia 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. 721019002 is the MICR code of Indian Bank for Haldia branch. MICR code for Haldia 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 Haldia is presented in the table alongside.

Use of Indian Bank MICR code for Haldia branch in haldia

The MICR code 721019002 is used in RBI cheque clearing process to identify the branch Haldia 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.