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Indusind Bank Mohali Chandigarh Chandigarh MICR CODE

Find MICR Codes for Indusind Bank Mohali Chandigarh Chandigarh

Bank
State
District
City
Branch
Address

MICR Code	160234003
Bank	Indusind Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mohali
Contact	0172 222 2983-5, 222 2987 2222981
Bank Details	Indusind Bank Ltd Mohali INDB0000083

Location	Mohali, Chandigarh
City	Mohali
District	Chandigarh
State	Chandigarh
Pincode	160059
Country	IN
Address	S.c.f. 23-24phase iii-b-2,'sas nagar, mohali, chandigarh 160 059

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 160234003 for Mohali 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 160234003 of Indus Bank, Mohali branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Mohali branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indusind Bank Ltd are available with micr code -

>>Mohali

MICR code for Indusind Bank Mohali

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 Mohali 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. 160234003 is the MICR code of Indusind Bank for Mohali branch. MICR code for Mohali 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 Mohali is presented in the table alongside.

Use of Indus Bank MICR code for Mohali branch in mohali

The MICR code 160234003 is used in RBI cheque clearing process to identify the branch Mohali 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.