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Indian Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Indian Bank Chandigarh Chandigarh Chandigarh

Bank
State
District
City
Branch
Address

MICR Code	160019016
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Jujhar Nagar
Contact	0172-2025123
Bank Details	Indian Bank Jujhar Nagar IDIB000J047

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160014
Country	IN
Address	Opp 39 west maloya road village jujhar nagar behlolpur 160014

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 160019016 for Jujhar Nagar 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 160019016 of Indian Bank, Jujhar Nagar branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Jujhar Nagar 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 -

>>Chandigarh >>Chandigarh Sector Seventeen B >>Chandigarh Sector Thirty Four >>Hallomajra >>Ind Retail Chandigarh >>Jujhar Nagar >>Lcb Chandigarh >>Lcb Madhyamarg Chandigarh >>Manimajra Chandigarh >>Sam Chandigarh >>Sector 20D >>Sector 34 Chandigarh >>Sector 37D >>Sector 40 >>Sector 45 Chandigarh >>Sector 9D Chandigarh >>Sector Fourty Chandigarh

MICR code for Indian Bank Jujhar Nagar

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 Jujhar Nagar 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. 160019016 is the MICR code of Indian Bank for Jujhar Nagar branch. MICR code for Jujhar Nagar 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 Jujhar Nagar is presented in the table alongside.

Use of Indian Bank MICR code for Jujhar Nagar branch in chandigarh

The MICR code 160019016 is used in RBI cheque clearing process to identify the branch Jujhar Nagar 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.