Indusind Bank New Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Indusind Bank New Delhi New Delhi New Delhi

MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chawri Bazar Delhi
Contact 11-49967079
Bank Details Indusind Bank Ltd Chawri Bazar Delhi INDB0001927
Location New Delhi, New Delhi
City New Delhi
District New Delhi
State New Delhi
Pincode 110006
Country IN
Address Ground and first floor plot no 3404 3409 ward no 6 chawri bazar delhi 110006
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 Chawri Bazar Delhi 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 Indus Bank, Chawri Bazar Delhi branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Chawri Bazar Delhi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Chawri Bazar Delhi

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 Chawri Bazar Delhi 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 Indusind Bank for Chawri Bazar Delhi branch. MICR code for Chawri Bazar Delhi 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 Chawri Bazar Delhi is presented in the table alongside.

Use of Indus Bank MICR code for Chawri Bazar Delhi branch in new delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chawri Bazar Delhi 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.

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