Indian Bank Jaipur Jaipur Rajasthan MICR CODE

Find MICR Codes for Indian Bank Jaipur Jaipur Rajasthan

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vaishali Estate
Contact 91-9414952671
Bank Details Indian Bank Vaishali Estate IDIB000V174
Location Jaipur, Jaipur
City Jaipur
District Jaipur
State Rajasthan
Pincode
Country IN
Address C-10, vaishali estate, gandhi path west, opp. Emperial height, jaipur, rajasthan
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 Vaishali Estate 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, Vaishali Estate branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Vaishali Estate branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Bank Vaishali Estate

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 Vaishali Estate 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 Vaishali Estate branch. MICR code for Vaishali Estate 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 Vaishali Estate is presented in the table alongside.

Use of Indian Bank MICR code for Vaishali Estate branch in jaipur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Vaishali Estate 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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