Indian Bank Pondicherry Pondicherry Pondicherry MICR CODE

Find MICR Codes for Indian Bank Pondicherry Pondicherry Pondicherry

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pondicherry Main
Contact 0413 2336403
Bank Details Indian Bank Pondicherry Main IDIB000P042
Location Pondicherry, Pondicherry
City Pondicherry
District Pondicherry
State Pondicherry
Pincode 605001
Country IN
Address Pondicherry main 288, m g road pondicherry 605001
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 605019002 for Pondicherry Main 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 605019002 of Indian Bank, Pondicherry Main branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Pondicherry Main branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Pondicherry Main

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 Pondicherry Main 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. 605019002 is the MICR code of Indian Bank for Pondicherry Main branch. MICR code for Pondicherry Main 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 Pondicherry Main is presented in the table alongside.

Use of Indian Bank MICR code for Pondicherry Main branch in pondicherry

The MICR code 605019002 is used in RBI cheque clearing process to identify the branch Pondicherry Main 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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