Indian Bank Varanasi Varanasi Uttar Pradesh MICR CODE

Find MICR Codes for Indian Bank Varanasi Varanasi Uttar Pradesh

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ravindrapuri
Contact 2310928
Bank Details Indian Bank Ravindrapuri IDIB000R106
Location Varanasi, Varanasi
City Varanasi
District Varanasi
State Uttar Pradesh
Pincode 221005
Country IN
Address B-27/35, ravindrapuri extention, near alakhnanda hospital, ravindrapuri, varanasi dist, uttar pradesh, pin-221005
MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ravindrapuri
Contact 0
Bank Details Indian Bank Ravindrapuri IDIB000R620
Location Varanasi, Varanasi
City Varanasi
District Varanasi
State Uttar Pradesh
Pincode
Country IN
Address Lanka road b-36/10 p-j opposite manasmandir bhadaini-sankatmochan
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 221019004 for Ravindrapuri 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 221019004 of Indian Bank, Ravindrapuri branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Ravindrapuri branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Ravindrapuri

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 Ravindrapuri 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. 221019004 is the MICR code of Indian Bank for Ravindrapuri branch. MICR code for Ravindrapuri 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 Ravindrapuri is presented in the table alongside.

Use of Indian Bank MICR code for Ravindrapuri branch in varanasi

The MICR code 221019004 is used in RBI cheque clearing process to identify the branch Ravindrapuri 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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