Indusind Bank Surat Surat Gujarat MICR CODE

Find MICR Codes for Indusind Bank Surat Surat Gujarat

MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sosyo Circle
Contact 2612634007
Bank Details Indusind Bank Ltd Sosyo Circle INDB0001484
Location Surat, Surat
City Surat
District Surat
State Gujarat
Pincode 395017
Country IN
Address Gnd flr shop no3 blue sky commerce square citycentre bamroli rd sosyo circle surat 395007 gujarat
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 395234009 for Sosyo Circle 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 395234009 of Indus Bank, Sosyo Circle branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Sosyo Circle branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Sosyo Circle

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 Sosyo Circle 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. 395234009 is the MICR code of Indusind Bank for Sosyo Circle branch. MICR code for Sosyo Circle 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 Sosyo Circle is presented in the table alongside.

Use of Indus Bank MICR code for Sosyo Circle branch in surat

The MICR code 395234009 is used in RBI cheque clearing process to identify the branch Sosyo Circle 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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