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Indian Bank Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Indian Bank Ahmedabad Ahmedabad Gujarat

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rto Circle
Contact 7927550049
Bank Details Indian Bank Rto Circle IDIB000R122
Location Ahmedabad, Ahmedabad
City Ahmedabad
District Ahmedabad
State Gujarat
Pincode
Country IN
Address Shop no. 4 himalaya elanza rto circle
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 380011028 for Rto Circle 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 380011028 of Indian Bank, Rto Circle branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Rto Circle branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Rto Circle

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 Rto Circle 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. 380011028 is the MICR code of Indian Bank for Rto Circle branch. MICR code for Rto Circle 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 Rto Circle is presented in the table alongside.

Use of Indian Bank MICR code for Rto Circle branch in ahmedabad

The MICR code 380011028 is used in RBI cheque clearing process to identify the branch Rto Circle 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.