Indian Bank Prathakotta Kurnool Andhra Pradesh MICR CODE

Find MICR Codes for Indian Bank Prathakotta Kurnool Andhra Pradesh

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Prathakota
Contact 08513 282810
Bank Details Indian Bank Prathakota IDIB000P112
Location Prathakotta, Kurnool
City Prathakotta
District Kurnool
State Andhra Pradesh
Pincode 518412
Country IN
Address Prathakotta, kurnool dist, pin 518412
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 518019008 for Prathakota 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 518019008 of Indian Bank, Prathakota branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Prathakota 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 -

>>Prathakota

MICR code for Indian Bank Prathakota

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 Prathakota 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. 518019008 is the MICR code of Indian Bank for Prathakota branch. MICR code for Prathakota 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 Prathakota is presented in the table alongside.

Use of Indian Bank MICR code for Prathakota branch in prathakotta

The MICR code 518019008 is used in RBI cheque clearing process to identify the branch Prathakota 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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