Indian Bank Bhubaneswar Khurda Orissa MICR CODE

Find MICR Codes for Indian Bank Bhubaneswar Khurda Orissa

Bank
State
District
City
Branch
Address

MICR Code	751019004
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	M T Marg
Contact	0674 2434875
Bank Details	Indian Bank M T Marg IDIB000M154

Location	Bhubaneswar, Khurda
City	Bhubaneswar
District	Khurda
State	Orissa
Pincode	751002
Country	IN
Address	Plot no 524, main road vivekananda marg bhubaneswar 751002

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 751019004 for M T Marg 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 751019004 of Indian Bank, M T Marg branch makes the system almost error free and faster. Use of Indian Bank MICR codes for M T Marg branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Indian Bank are available with micr code -

>>Barmunda >>Jagannath Road >>Kalinga Vihar >>Kharvel Nagar >>M T Marg >>Microsate Bhubaneswar >>Patia >>Rajib Bhawan >>Saheed Nagar >>Sailashri Vihar

MICR code for Indian Bank M T Marg

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 M T Marg 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. 751019004 is the MICR code of Indian Bank for M T Marg branch. MICR code for M T Marg 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 M T Marg is presented in the table alongside.

Use of Indian Bank MICR code for M T Marg branch in bhubaneswar

The MICR code 751019004 is used in RBI cheque clearing process to identify the branch M T Marg 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.

Copied!