Indian Bank Mysore Mysore Karnataka MICR CODE

Find MICR Codes for Indian Bank Mysore Mysore Karnataka

Bank
State
District
City
Branch
Address

MICR Code	570019005
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Microsate Branch Mysore
Contact	82124 73348
Bank Details	Indian Bank Microsate Branch Mysore IDIB000M229

Location	Mysore, Mysore
City	Mysore
District	Mysore
State	Karnataka
Pincode	570028
Country	IN
Address	147/11,3rd main sangeetha corner circle alanahally lay out mysore karnataka-570028

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 570019005 for Microsate Branch Mysore 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 570019005 of Indian Bank, Microsate Branch Mysore branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Microsate Branch Mysore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Indian Bank are available with micr code -

>>Kanakadasa Nagar >>Microsate Branch Mysore >>Mysore >>Udayagiri

MICR code for Indian Bank Microsate Branch Mysore

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 Microsate Branch Mysore 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. 570019005 is the MICR code of Indian Bank for Microsate Branch Mysore branch. MICR code for Microsate Branch Mysore 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 Microsate Branch Mysore is presented in the table alongside.

Use of Indian Bank MICR code for Microsate Branch Mysore branch in mysore

The MICR code 570019005 is used in RBI cheque clearing process to identify the branch Microsate Branch Mysore 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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