Indian Bank Prakasham Podily Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Prakasham Podily Andhra Pradesh

Bank
State
District
City
Branch
Address

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	Podili
Contact	8499-9492501390
Bank Details	Indian Bank Podili IDIB000P286

Location	Prakasham, Podily
City	Prakasham
District	Podily
State	Andhra Pradesh
Pincode	523240
Country	IN
Address	D no 13-69,beside ninnamaiah hotel,opp girls govt high school ,radham road,podili,prakasham district,andra pradesh pin-523240

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

>>Podili

MICR code for Indian Bank Podili

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 Podili 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 Podili branch. MICR code for Podili 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 Podili is presented in the table alongside.

Use of Indian Bank MICR code for Podili branch in prakasham

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