Indian Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Indian Bank Nagpur Nagpur Maharashtra

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MICR Code	-NA-
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Saoner
Contact	0-8225928307
Bank Details	Indian Bank Saoner IDIB000S355

Location	Nagpur, Nagpur
City	Nagpur
District	Nagpur
State	Maharashtra
Pincode	441107
Country	IN
Address	2 bajigar furniture mart national highway chhindwara road saoner

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 0 for Saoner 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 0 of Indian Bank, Saoner branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Saoner branch, makes the characters readable even if there are other marks and stamps on it.

A total of 17 branches of Indian Bank are available with micr code -

>>Bajaj Nagar >>Civil Lines Nagpur >>Friends Colony >>Gandhi Bagh >>Hingna Road >>Kamptee Collieries >>Mahal >>Manewada >>Manishnagar >>Nagpur >>Nagpur City Itwari >>Nagpur Hudkeshwar >>Nagpur Wardhaman Nagar >>Saoner >>Shakeredara Chowk >>Wardha Road >>Wardhaman Nagar

MICR code for Indian Bank Saoner

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 Saoner 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. 0 is the MICR code of Indian Bank for Saoner branch. MICR code for Saoner 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 Saoner is presented in the table alongside.

Use of Indian Bank MICR code for Saoner branch in nagpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Saoner 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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