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Indusind Bank Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Indusind Bank Ahmedabad Ahmedabad Gujarat

MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch New Ranip
Contact 91-9978150821
Bank Details Indusind Bank Ltd New Ranip INDB0001759
Location Ahmedabad, Ahmedabad
City Ahmedabad
District Ahmedabad
State Gujarat
Pincode 382480
Country IN
Address Ground floorshop no12 a and 14nishan pridesurvey no 193 and 199tpscheme no66mouje raniptaluka sabarmatiahmedabadgujarat pin code 382480
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 380234045 for New Ranip 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 380234045 of Indus Bank, New Ranip branch makes the system almost error free and faster. Use of Indus Bank MICR codes for New Ranip branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank New Ranip

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 New Ranip 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. 380234045 is the MICR code of Indusind Bank for New Ranip branch. MICR code for New Ranip 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 New Ranip is presented in the table alongside.

Use of Indus Bank MICR code for New Ranip branch in ahmedabad

The MICR code 380234045 is used in RBI cheque clearing process to identify the branch New Ranip 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.