Indusind Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Indusind Bank Chennai Chennai Tamil Nadu

MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shenoy Nagar
Contact
Bank Details Indusind Bank Ltd Shenoy Nagar INDB0001632
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600030
Country IN
Address No2122 ground floorfirst floorlakshmi talkies road shenoy nagar chennai 600030
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 0 for Shenoy Nagar 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 0 of Indus Bank, Shenoy Nagar branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Shenoy Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Shenoy Nagar

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 Shenoy Nagar 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. 0 is the MICR code of Indusind Bank for Shenoy Nagar branch. MICR code for Shenoy Nagar 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 Shenoy Nagar is presented in the table alongside.

Use of Indus Bank MICR code for Shenoy Nagar branch in chennai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Shenoy Nagar 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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