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Indian Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Indian Bank Aurangabad Aurangabad Maharashtra

Bank
State
District
City
Branch
Address

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	Shendra
Contact	0
Bank Details	Indian Bank Shendra IDIB000S656

Location	Aurangabad, Aurangabad
City	Aurangabad
District	Aurangabad
State	Maharashtra
Pincode
Country	IN
Address	Aurangabad jalna main road plot no 29and 32 kumbhephal shendra midc shendra midc kubhephal

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

A total of 4 branches of Indian Bank are available with micr code -

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MICR code for Indian Bank Shendra

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 Shendra 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 Shendra branch. MICR code for Shendra 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 Shendra is presented in the table alongside.

Use of Indian Bank MICR code for Shendra branch in aurangabad

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