MICR Code Bank
Find MICR code for Indusind Bank branches in India for NEFT and RTGS transfer

Indusind Bank MICR CODE

Find MICR Codes for Indusind Bank

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  1. Indusind Bank Ltd »
  2. New Delhi »
  3. new delhi »
  4. new delhi »
  5. nehru place

Find MICR Codes for Indusind Bank

MICR Code: 110234003
Bank: Indusind Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Nehru Place
Contact: 011 26481119 / 20 Direct No. 26236539 26236537
Bank Details: Indusind Bank Ltd Nehru Place INDB0000012
Location: New Delhi, New Delhi
City: New Delhi
District: New Delhi
State: New Delhi
Pincode: 110019
Country: IN
Address: ‘f’ block, gr. Flr., international trade tower, nehru place, new delhi -110 019

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

MICR code for Indusind Bank

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

Use of Indus Bank MICR code for branch in new delhi

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