Indusind Bank Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for Indusind Bank Raipur Raipur Chhattisgarh

MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ge Road Raipur
Contact 2254115
Bank Details Indusind Bank Ltd Ge Road Raipur INDB0000887
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492001
Country IN
Address Ground floor dutta complex opp anupam gardens g e road raipur 492001 chhattisgarh
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 Ge Road Raipur 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, Ge Road Raipur branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Ge Road Raipur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Indusind Bank Ltd are available with micr code -

>>Amlidih >>Birgaon >>Ge Road Raipur >>Mg Road Raipur >>Mowa Raipur >>New Rajendra Nagar Raipur >>Pachpedi Naka Raipur >>Raipur >>Shankarnagar Raipur >>Telibandha Raipur

MICR code for Indusind Bank Ge Road Raipur

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 Ge Road Raipur 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 Ge Road Raipur branch. MICR code for Ge Road Raipur 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 Ge Road Raipur is presented in the table alongside.

Use of Indus Bank MICR code for Ge Road Raipur branch in raipur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ge Road Raipur 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.

Copied!