Indian Bank Karamadai Coimbotore Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Karamadai Coimbotore Tamil Nadu

Bank
State
District
City
Branch
Address

MICR Code	641019022
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Karamadai
Contact	04254 272337
Bank Details	Indian Bank Karamadai IDIB000K018

Location	Karamadai, Coimbotore
City	Karamadai
District	Coimbotore
State	Tamil Nadu
Pincode	641104
Country	IN
Address	P b no 5 87 - a, main road karamadai 641104

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 641019022 for Karamadai 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 641019022 of Indian Bank, Karamadai branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Karamadai 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 -

>>Karamadai

MICR code for Indian Bank Karamadai

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 Karamadai 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. 641019022 is the MICR code of Indian Bank for Karamadai branch. MICR code for Karamadai 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 Karamadai is presented in the table alongside.

Use of Indian Bank MICR code for Karamadai branch in karamadai

The MICR code 641019022 is used in RBI cheque clearing process to identify the branch Karamadai 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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