Indian Bank Gurgaon Gurgaon Haryana MICR CODE

Find MICR Codes for Indian Bank Gurgaon Gurgaon Haryana

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sikanderpur Badha
Contact 0
Bank Details Indian Bank Sikanderpur Badha IDIB000S683
Location Gurgaon, Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Pincode 122004
Country IN
Address State haryana pin 122004 main road village sikandepur badha post sikanderpur badha
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 Sikanderpur Badha 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, Sikanderpur Badha branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Sikanderpur Badha branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Sikanderpur Badha

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 Sikanderpur Badha 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 Sikanderpur Badha branch. MICR code for Sikanderpur Badha 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 Sikanderpur Badha is presented in the table alongside.

Use of Indian Bank MICR code for Sikanderpur Badha branch in gurgaon

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