Indian Bank Koraput Pottangi Orissa MICR CODE

Find MICR Codes for Indian Bank Koraput Pottangi Orissa

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MICR Code	-NA-
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Peturu
Contact	8895959787
Bank Details	Indian Bank Peturu IDIB000P289

Location	Koraput, Pottangi
City	Koraput
District	Pottangi
State	Orissa
Pincode	764039
Country	IN
Address	At gram panchayat office peturu via pottangi (block) po peturu koraput odisha pin-764039

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 0 for Peturu 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 0 of Indian Bank, Peturu branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Peturu 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 -

>>Peturu

MICR code for Indian Bank Peturu

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 Peturu 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. 0 is the MICR code of Indian Bank for Peturu branch. MICR code for Peturu 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 Peturu is presented in the table alongside.

Use of Indian Bank MICR code for Peturu branch in koraput

The MICR code 0 is used in RBI cheque clearing process to identify the branch Peturu 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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