MICR Code Bank
Find MICR code for Standard Chartered Bank branches in India for NEFT and RTGS transfer

Standard Chartered Bank MICR CODE

Find MICR Codes for Standard Chartered Bank

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  1. Standard Chartered Bank »
  2. Madhya Pradesh »
  3. indore »
  4. indore »
  5. indore

Find MICR Codes for Standard Chartered Bank

MICR Code: -NA-
Bank: Standard Chartered Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Indore
Contact: 0731-5206900
Bank Details: Standard Chartered Bank Indore SCBL0036069
Location: Indore, Indore
City: Indore
District: Indore
State: Madhya Pradesh
Pincode: 452001
Country: IN
Address: D.m.towers, 21/1 race course road, indore - 452 001.

How does MICR code for 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 of SCB, branch makes the system almost error free and faster. Use of SCB MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Standard Chartered Bank are available with micr code

>>Indore

MICR code for Standard Chartered Bank

Standard Chartered Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. SCB MICR code for 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. is the MICR code of Standard Chartered Bank for branch. MICR code for 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 SCB is presented in the table alongside.

Use of SCB MICR code for branch in indore

The MICR code is used in RBI cheque clearing process to identify the branch and SCB 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 Standard Chartered Bank is typically in either of these two font’s: E-138 and CMC-7.