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Indian Bank Coimbatore Coimbotore Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Coimbatore Coimbotore Tamil Nadu

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pollachi
Contact 04259 224668 224848 223608
Bank Details Indian Bank Pollachi IDIB000P041
Location Coimbatore, Coimbotore
City Coimbatore
District Coimbotore
State Tamil Nadu
Pincode 642002
Country IN
Address 70, coimbatore road, pollachi 642002, coimbatore dist., tn, ph:
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 642019099 for Pollachi 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 642019099 of Indian Bank, Pollachi branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Pollachi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Pollachi

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 Pollachi 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. 642019099 is the MICR code of Indian Bank for Pollachi branch. MICR code for Pollachi 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 Pollachi is presented in the table alongside.

Use of Indian Bank MICR code for Pollachi branch in coimbatore

The MICR code 642019099 is used in RBI cheque clearing process to identify the branch Pollachi 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.