Indian Bank Mysore Mysore Karnataka MICR CODE

Find MICR Codes for Indian Bank Mysore Mysore Karnataka

Bank
State
District
City
Branch
Address

MICR Code	570019002
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mysore
Contact	0821 - 2423576 2426695
Bank Details	Indian Bank Mysore IDIB000M048

Location	Mysore, Mysore
City	Mysore
District	Mysore
State	Karnataka
Pincode	570001
Country	IN
Address	First floor, 57/4-9 r s plaza, vinobha road, mysore district 570001

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 570019002 for 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 570019002 of Indian Bank, Mysore branch makes the system almost error free and faster. Use of Indian Bank MICR codes for 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 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 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. 570019002 is the MICR code of Indian Bank for Mysore branch. MICR code for 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 Mysore is presented in the table alongside.

Use of Indian Bank MICR code for Mysore branch in mysore

The MICR code 570019002 is used in RBI cheque clearing process to identify the 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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