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Indusind Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Indusind Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Andheri
Contact 022 28237636 - 40 28237574
Bank Details Indusind Bank Ltd Andheri INDB0000018
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400059
Country IN
Address Acme plaza, c.t.s. No. 32opp. Sangam talkies, andheri-kurla road,'andheri (e), mumbai 400 059 ' boan@indusind.com
MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Andheri
Contact 22-
Bank Details Indusind Bank Ltd Andheri INDB0000099
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode
Country IN
Address Ibl house andheri east near chakala
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 400234005 for Andheri 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 400234005 of Indus Bank, Andheri branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Andheri branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Andheri

Indusind Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indus Bank MICR code for Andheri 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. 400234005 is the MICR code of Indusind Bank for Andheri branch. MICR code for Andheri 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 Indus Bank Andheri is presented in the table alongside.

Use of Indus Bank MICR code for Andheri branch in mumbai

The MICR code 400234005 is used in RBI cheque clearing process to identify the branch Andheri and Indus 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 Indusind Bank is typically in either of these two font’s: E-138 and CMC-7.