Indusind Bank New Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Indusind Bank New Delhi New Delhi New Delhi

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MICR Code	110234107
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	Prashant Vihar New Delhi
Contact	40113655
Bank Details	Indusind Bank Ltd Prashant Vihar New Delhi INDB0001412

Location	New Delhi, New Delhi
City	New Delhi
District	New Delhi
State	New Delhi
Pincode	110085
Country	IN
Address	Property no d10 ground floor prashant vihar delhi 110085

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 110234107 for Prashant Vihar New Delhi 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 110234107 of Indus Bank, Prashant Vihar New Delhi branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Prashant Vihar New Delhi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 36 branches of Indusind Bank Ltd are available with micr code -

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MICR code for Indusind Bank Prashant Vihar New Delhi

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 Prashant Vihar New Delhi 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. 110234107 is the MICR code of Indusind Bank for Prashant Vihar New Delhi branch. MICR code for Prashant Vihar New Delhi 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 Prashant Vihar New Delhi is presented in the table alongside.

Use of Indus Bank MICR code for Prashant Vihar New Delhi branch in new delhi

The MICR code 110234107 is used in RBI cheque clearing process to identify the branch Prashant Vihar New Delhi 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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