Indian Bank Vapi Valsad Gujarat MICR CODE

Find MICR Codes for Indian Bank Vapi Valsad Gujarat

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vapi Industrial Estate
Contact 0260 2421986
Bank Details Indian Bank Vapi Industrial Estate IDIB000V037
Location Vapi, Valsad
City Vapi
District Valsad
State Gujarat
Pincode 396195
Country IN
Address Vapi indl estate c-5/47-70, gidc selvas road 396195
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 396019007 for Vapi Industrial 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 396019007 of Indian Bank, Vapi Industrial Estate branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Vapi Industrial Estate branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Indian Bank are available with micr code -

>>Ind Msme Vapi >>Valsad >>Vapi Industrial Estate

MICR code for Indian Bank Vapi Industrial 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 Vapi Industrial 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. 396019007 is the MICR code of Indian Bank for Vapi Industrial Estate branch. MICR code for Vapi Industrial 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 Vapi Industrial Estate is presented in the table alongside.

Use of Indian Bank MICR code for Vapi Industrial Estate branch in vapi

The MICR code 396019007 is used in RBI cheque clearing process to identify the branch Vapi Industrial 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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