MICR Code Bank
Find MICR code for Indian Bank branches in India for NEFT and RTGS transfer

Indian Bank MICR CODE

Find MICR Codes for Indian Bank

Selected Bank + -

  

Selected State + -

  

Selected District + -

  

Selected City + -

  

Selected Branch + -

  
  1. Indian Bank »
  2. Chandigarh »
  3. chandigarh »
  4. chandigarh »
  5. sector 34 chandigarh

Find MICR Codes for Indian Bank

MICR Code: 160019003
Bank: Indian Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Sector 34 Chandigarh
Contact: 0172 2660478
Bank Details: Indian Bank Sector 34 Chandigarh IDIB000C073
Location: Chandigarh, Chandigarh
City: Chandigarh
District: Chandigarh
State: Chandigarh
Pincode: 160017
Country: IN
Address: Sco 132-33, sector - 34, chandigarh 160017

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

MICR code for Indian Bank

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

Use of Indian Bank MICR code for branch in chandigarh

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