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 Sushant Lok
Contact 0124 2577509
Bank Details Indian Bank Sushant Lok IDIB000S149
Location Gurgaon, Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Pincode 122002
Country IN
Address Show room no 3, ground floor, i orchid square, b-block sushant lok,gurgaon 122002
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 110019038 for Sushant Lok 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 110019038 of Indian Bank, Sushant Lok branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Sushant Lok branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Sushant Lok

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 Sushant Lok 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. 110019038 is the MICR code of Indian Bank for Sushant Lok branch. MICR code for Sushant Lok 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 Sushant Lok is presented in the table alongside.

Use of Indian Bank MICR code for Sushant Lok branch in gurgaon

The MICR code 110019038 is used in RBI cheque clearing process to identify the branch Sushant Lok 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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