Indian Bank Virajpet Gadak Karnataka MICR CODE

Find MICR Codes for Indian Bank Virajpet Gadak Karnataka

Bank
State
District
City
Branch
Address

MICR Code	571019095
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Virajpet
Contact	08274 257421
Bank Details	Indian Bank Virajpet IDIB000V032

Location	Virajpet, Gadak
City	Virajpet
District	Gadak
State	Karnataka
Pincode	571218
Country	IN
Address	Main road, virajpet, kodagu dist, pin 571218

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 571019095 for Virajpet 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 571019095 of Indian Bank, Virajpet branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Virajpet branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indian Bank are available with micr code -

>>Virajpet

MICR code for Indian Bank Virajpet

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 Virajpet 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. 571019095 is the MICR code of Indian Bank for Virajpet branch. MICR code for Virajpet 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 Virajpet is presented in the table alongside.

Use of Indian Bank MICR code for Virajpet branch in virajpet

The MICR code 571019095 is used in RBI cheque clearing process to identify the branch Virajpet 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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