MICR Code Bank
Find MICR code for Indian Bank branches in India for NEFT and RTGS transfer

Indian Bank MICR CODE

Find MICR Codes for Indian Bank

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  1. Indian Bank »
  2. Gujarat »
  3. forbesganj »
  4. banas kantha »
  5. palanpur

Find MICR Codes for Indian Bank

MICR Code: -NA-
Bank: Indian Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Palanpur
Contact: 0
Bank Details: Indian Bank Palanpur IDIB000P531
Location: Banas Kantha, Forbesganj
City: Banas Kantha
District: Forbesganj
State: Gujarat
Pincode:
Country: IN
Address: National highway shop no. 54-58, sanskrut shopping mall opp. Income tax

How does MICR code for 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 of Indian Bank, branch makes the system almost error free and faster. Use of Indian Bank MICR codes for 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

>>Palanpur

MICR code for Indian Bank

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

Use of Indian Bank MICR code for branch in banas kantha

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