Indian Bank Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Indian Bank Delhi Delhi New Delhi

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mahavir Enclave
Contact 011-25393004
Bank Details Indian Bank Mahavir Enclave IDIB000M255
Location Delhi, Delhi
City Delhi
District Delhi
State New Delhi
Pincode 110045
Country IN
Address Rz/d/2/65 , palam dabri main road ch. Harphool singh market mahavir enclave new delhi 110045
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 110019072 for Mahavir Enclave 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 110019072 of Indian Bank, Mahavir Enclave branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Mahavir Enclave branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Mahavir Enclave

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 Mahavir Enclave 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. 110019072 is the MICR code of Indian Bank for Mahavir Enclave branch. MICR code for Mahavir Enclave 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 Mahavir Enclave is presented in the table alongside.

Use of Indian Bank MICR code for Mahavir Enclave branch in delhi

The MICR code 110019072 is used in RBI cheque clearing process to identify the branch Mahavir Enclave 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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