Indian Bank Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Indian Bank Delhi Delhi New Delhi

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Punjabi Bagh East
Contact 011-28316243
Bank Details Indian Bank Punjabi Bagh East IDIB000P198
Location Delhi, Delhi
City Delhi
District Delhi
State New Delhi
Pincode 110026
Country IN
Address 28,east avenue road east punjabhi bagh 110026
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 110019073 for Punjabi Bagh East 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 110019073 of Indian Bank, Punjabi Bagh East branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Punjabi Bagh East branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Punjabi Bagh East

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 Punjabi Bagh East 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. 110019073 is the MICR code of Indian Bank for Punjabi Bagh East branch. MICR code for Punjabi Bagh East 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 Punjabi Bagh East is presented in the table alongside.

Use of Indian Bank MICR code for Punjabi Bagh East branch in delhi

The MICR code 110019073 is used in RBI cheque clearing process to identify the branch Punjabi Bagh East 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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