Indian Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Indian Bank Kolhapur Kolhapur Maharashtra

Bank
State
District
City
Branch
Address

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	Kolhapur Market Yard
Contact	2640424
Bank Details	Indian Bank Kolhapur Market Yard IDIB000K286

Location	Kolhapur, Kolhapur
City	Kolhapur
District	Kolhapur
State	Maharashtra
Pincode	416005
Country	IN
Address	Plot no.3, shivsundar, e-ward, mahadik vasahat, near market yard, kolhapur, maharashtra, pin-416005

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

A total of 3 branches of Indian Bank are available with micr code -

>>Kolhapur >>Kolhapur >>Kolhapur Market Yard

MICR code for Indian Bank Kolhapur Market Yard

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 Kolhapur Market Yard 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 Kolhapur Market Yard branch. MICR code for Kolhapur Market Yard 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 Kolhapur Market Yard is presented in the table alongside.

Use of Indian Bank MICR code for Kolhapur Market Yard branch in kolhapur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kolhapur Market Yard 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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