Indusind Bank Mohali Rupnagar Punjab MICR CODE

Find MICR Codes for Indusind Bank Mohali Rupnagar Punjab

↻ Reload
MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sector 54 Phase 2 Mohali
Contact 4604738
Bank Details Indusind Bank Ltd Sector 54 Phase 2 Mohali INDB0000621
Location Mohali, Rupnagar
City Mohali
District Rupnagar
State Punjab
Pincode 160054
Country IN
Address Sco 46 sector 54 phase 2 sas nagar mohali punjab 160 054
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.

Search Indusind Bank MICR Codes in rupnagar

You can search through MICR Codes of Punjab branches in mohali of District rupnagar in Punjab State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Sector 54 Phase 2 Mohali

How to find MICR codes for Indusind Bank in mohali?

Indusind Bank mohali MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Indus Bank MICR codes list for mohali, one can further search by branch name specified in the table. You can find MICR codes for all Indusind Bank mohali branches.

Indus Bank MICR code in mohali

Indusind Bank MICR code is a character recognition technology used by banks in the processing of cheques. Indus Bank MICR code for mohali branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Indusind Bank branches in mohali, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Indusind Bank MICR code for mohali branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Indusind Bank mohali branch, sprinted 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. Thus MICR code for Indus Bank mohali branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Indusind Bank MICR codes for mohali branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

Copied!