Indusind Bank Ghaziabad Ghaziabad Uttar Pradesh MICR CODE

Find MICR Codes for Indusind Bank Ghaziabad Ghaziabad Uttar Pradesh

MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ghaziabad
Contact 0120-4041560
Bank Details Indusind Bank Ltd Ghaziabad INDB0000171
Location Ghaziabad, Ghaziabad
City Ghaziabad
District Ghaziabad
State Uttar Pradesh
Pincode 201002
Country IN
Address C-76, raj nagar, main road, district: ghaziabad 201002
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 110234018 for Ghaziabad 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 110234018 of Indus Bank, Ghaziabad branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Ghaziabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Ghaziabad

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 Ghaziabad 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. 110234018 is the MICR code of Indusind Bank for Ghaziabad branch. MICR code for Ghaziabad 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 Ghaziabad is presented in the table alongside.

Use of Indus Bank MICR code for Ghaziabad branch in ghaziabad

The MICR code 110234018 is used in RBI cheque clearing process to identify the branch Ghaziabad 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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