Indian Bank Kavali Nellore Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Kavali Nellore Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	524019097
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kavali
Contact	08626 241901
Bank Details	Indian Bank Kavali IDIB000K154

Location	Kavali, Nellore
City	Kavali
District	Nellore
State	Andhra Pradesh
Pincode	524201
Country	IN
Address	11-1-5 trunk road kavali 524201

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 524019097 for Kavali 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 524019097 of Indian Bank, Kavali branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Kavali 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 -

>>Kavali

MICR code for Indian Bank Kavali

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 Kavali 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. 524019097 is the MICR code of Indian Bank for Kavali branch. MICR code for Kavali 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 Kavali is presented in the table alongside.

Use of Indian Bank MICR code for Kavali branch in kavali

The MICR code 524019097 is used in RBI cheque clearing process to identify the branch Kavali 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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