Indian Bank Karimnagar Karimnagar Telangana MICR CODE

Find MICR Codes for Indian Bank Karimnagar Karimnagar Telangana

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vidyanagar
Contact	7036238877
Bank Details	Indian Bank Vidyanagar IDIB000V138

Location	Karimnagar, Karimnagar
City	Karimnagar
District	Karimnagar
State	Telangana
Pincode	505001
Country	IN
Address	Sy.no.1241, plot no.2&3,vidyanagar locality, karimnagar town, karimnagar dist, telangana, pin-505001

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 Vidyanagar 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, Vidyanagar branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Vidyanagar 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 -

>>Durshed >>Karimnagar >>Lakshmi Nagar >>Vidyanagar

MICR code for Indian Bank Vidyanagar

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 Vidyanagar 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 Vidyanagar branch. MICR code for Vidyanagar 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 Vidyanagar is presented in the table alongside.

Use of Indian Bank MICR code for Vidyanagar branch in karimnagar

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