Indusind Bank New Delhi New Delhi New Delhi MICR CODE

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

Bank
State
District
City
Branch
Address

MICR Code	110234007
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	Punjabi Baug
Contact	011 25220037/38 25220046
Bank Details	Indusind Bank Ltd Punjabi Baug INDB0000043

Location	New Delhi, New Delhi
City	New Delhi
District	New Delhi
State	New Delhi
Pincode	110026
Country	IN
Address	33, north west avenue, club road, west punjabi baug,'new delhi - 110026

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 110234007 for Punjabi Baug 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 110234007 of Indus Bank, Punjabi Baug branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Punjabi Baug 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 Punjabi Baug

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 Punjabi Baug 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. 110234007 is the MICR code of Indusind Bank for Punjabi Baug branch. MICR code for Punjabi Baug 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 Punjabi Baug is presented in the table alongside.

Use of Indus Bank MICR code for Punjabi Baug branch in new delhi

The MICR code 110234007 is used in RBI cheque clearing process to identify the branch Punjabi Baug 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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