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Indian Bank Nandyal Kurnool Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Nandyal Kurnool Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	518019006
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nandyal
Contact	08514 242967
Bank Details	Indian Bank Nandyal IDIB000N037

Location	Nandyal, Kurnool
City	Nandyal
District	Kurnool
State	Andhra Pradesh
Pincode	518501
Country	IN
Address	428/2 srinivasa nagar nandyal andhra pradesh 518501

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 518019006 for Nandyal 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 518019006 of Indian Bank, Nandyal branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Nandyal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indian Bank are available with micr code -

>>Nandyal

MICR code for Indian Bank Nandyal

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 Nandyal 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. 518019006 is the MICR code of Indian Bank for Nandyal branch. MICR code for Nandyal 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 Nandyal is presented in the table alongside.

Use of Indian Bank MICR code for Nandyal branch in nandyal

The MICR code 518019006 is used in RBI cheque clearing process to identify the branch Nandyal 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.