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 Defence Colony Pioneer
Contact 40502195
Bank Details Indusind Bank Ltd Defence Colony Pioneer INDB0001501
Location New Delhi, New Delhi
City New Delhi
District New Delhi
State New Delhi
Pincode 110024
Country IN
Address Property no a 275 block a bhishma pitamah marg defence colony new delhi new delhi.
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 110234114 for Defence Colony Pioneer 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 110234114 of Indus Bank, Defence Colony Pioneer branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Defence Colony Pioneer branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Defence Colony Pioneer

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 Defence Colony Pioneer 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. 110234114 is the MICR code of Indusind Bank for Defence Colony Pioneer branch. MICR code for Defence Colony Pioneer 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 Defence Colony Pioneer is presented in the table alongside.

Use of Indus Bank MICR code for Defence Colony Pioneer branch in new delhi

The MICR code 110234114 is used in RBI cheque clearing process to identify the branch Defence Colony Pioneer 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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