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Indian Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Indian Bank Aurangabad Aurangabad Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	431019004
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Videocon Appliances Aurang
Contact	02431/251266
Bank Details	Indian Bank Videocon Appliances Aurang IDIB000V097

Location	Aurangabad, Aurangabad
City	Aurangabad
District	Aurangabad
State	Maharashtra
Pincode	431105
Country	IN
Address	Videocon appliance, paithan road, chitegaon, aurangabad, maharashtra- 431105

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 431019004 for Videocon Appliances Aurang 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 431019004 of Indian Bank, Videocon Appliances Aurang branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Videocon Appliances Aurang branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Indian Bank are available with micr code -

>>Aurangabad >>Aurangabad Maharastra >>Shendra >>Videocon Appliances Aurang

MICR code for Indian Bank Videocon Appliances Aurang

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 Videocon Appliances Aurang 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. 431019004 is the MICR code of Indian Bank for Videocon Appliances Aurang branch. MICR code for Videocon Appliances Aurang 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 Videocon Appliances Aurang is presented in the table alongside.

Use of Indian Bank MICR code for Videocon Appliances Aurang branch in aurangabad

The MICR code 431019004 is used in RBI cheque clearing process to identify the branch Videocon Appliances Aurang 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.