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Indian Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Indian Bank Bangalore Bangalore Urban Karnataka

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Osb Bangalore
Contact 080-22243484, 22243485
Bank Details Indian Bank Osb Bangalore IDIB000O022
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560001
Country IN
Address Manandi plaza, no.2 st. Marks road, bangalore-560 001. Phone no..
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 560019026 for Osb Bangalore 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 560019026 of Indian Bank, Osb Bangalore branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Osb Bangalore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Osb Bangalore

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 Osb Bangalore 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. 560019026 is the MICR code of Indian Bank for Osb Bangalore branch. MICR code for Osb Bangalore 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 Osb Bangalore is presented in the table alongside.

Use of Indian Bank MICR code for Osb Bangalore branch in bangalore

The MICR code 560019026 is used in RBI cheque clearing process to identify the branch Osb Bangalore 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.