Indian Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Madurai Madurai Tamil Nadu

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MICR Code	-NA-
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Iyer Bungalow
Contact	0-12345
Bank Details	Indian Bank Iyer Bungalow IDIB000I121

Location	Madurai, Madurai
City	Madurai
District	Madurai
State	Tamil Nadu
Pincode	625014
Country	IN
Address	3/182-1 kavi mani street, indian bank colony, narayanapuram,madurai 625014

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 0 for Iyer Bungalow 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 0 of Indian Bank, Iyer Bungalow branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Iyer Bungalow branch, makes the characters readable even if there are other marks and stamps on it.

A total of 34 branches of Indian Bank are available with micr code -

>>Alanganallur >>Anna Nagar (Madurai) >>Anupanadi >>Bibikulam >>Bye Pass Road Madurai >>Cumbum >>East Masi Street >>East Veli Street >>Gnanavolipuram >>High Court Branch Madurai >>Ind Msme Madurai >>Ind Retail Vertical Madurai >>Iyer Bungalow >>K K Nagar Madurai >>Koodal Nagar >>Madurai >>Madurai Annanagar >>Madurai Main >>Microsate Branch Madurai >>Microstat Branch Usilampatti >>Nagamalai Pudukkottai >>Pudur >>Sam Small Madurai >>South Masi Street >>Specialised Msme Branch >>T V S Nagar >>T V S Nagar >>Tallakulam >>Thapal Thanthi Nagar >>Tirunelveli Jn >>Town Hall Road (Madurai) >>Vandiyur >>Vilakuthoon >>Vilangudi

MICR code for Indian Bank Iyer Bungalow

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 Iyer Bungalow 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. 0 is the MICR code of Indian Bank for Iyer Bungalow branch. MICR code for Iyer Bungalow 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 Iyer Bungalow is presented in the table alongside.

Use of Indian Bank MICR code for Iyer Bungalow branch in madurai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Iyer Bungalow 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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