Indian Bank Warangal Warangal Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Warangal Warangal Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	506019099
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hunter Road
Contact	0870 2542299
Bank Details	Indian Bank Hunter Road IDIB000H031

Location	Warangal, Warangal
City	Warangal
District	Warangal
State	Andhra Pradesh
Pincode	506001
Country	IN
Address	H.no.1-7-1043, warangal public school hunter road, warangal – 506 001

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 506019099 for Hunter Road 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 506019099 of Indian Bank, Hunter Road branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Hunter Road 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 -

>>Gangaram >>Hunter Road >>Laskar Bazaar >>Warangal

MICR code for Indian Bank Hunter Road

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 Hunter Road 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. 506019099 is the MICR code of Indian Bank for Hunter Road branch. MICR code for Hunter Road 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 Hunter Road is presented in the table alongside.

Use of Indian Bank MICR code for Hunter Road branch in warangal

The MICR code 506019099 is used in RBI cheque clearing process to identify the branch Hunter Road 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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