Indian Bank Sindhanoor Raichur Karnataka MICR CODE

Find MICR Codes for Indian Bank Sindhanoor Raichur Karnataka

Bank
State
District
City
Branch
Address

MICR Code	548019096
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sindhanoor
Contact	08535 2202125
Bank Details	Indian Bank Sindhanoor IDIB000S050

Location	Sindhanoor, Raichur
City	Sindhanoor
District	Raichur
State	Karnataka
Pincode	584128
Country	IN
Address	Kustagi road near apmc sindhanoor raichur 584128

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 548019096 for Sindhanoor 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 548019096 of Indian Bank, Sindhanoor branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Sindhanoor branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indian Bank are available with micr code -

>>Sindhanoor

MICR code for Indian Bank Sindhanoor

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 Sindhanoor 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. 548019096 is the MICR code of Indian Bank for Sindhanoor branch. MICR code for Sindhanoor 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 Sindhanoor is presented in the table alongside.

Use of Indian Bank MICR code for Sindhanoor branch in sindhanoor

The MICR code 548019096 is used in RBI cheque clearing process to identify the branch Sindhanoor 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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