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Standard Chartered Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Standard Chartered Bank Indore Indore Madhya Pradesh

MICR Code
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.
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.

Search Standard Chartered Bank MICR Codes in indore

You can search through MICR Codes of Madhya Pradesh branches in indore of District indore in Madhya Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

Standard Chartered Bank branches with micr codes are available in 1 cities-

>>Indore

How to find MICR codes for Standard Chartered Bank in indore?

Standard Chartered Bank indore MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From SCB MICR codes list for indore, one can further search by branch name specified in the table. You can find MICR codes for all Standard Chartered Bank indore branches.

SCB MICR code in indore

Standard Chartered Bank MICR code is a character recognition technology used by banks in the processing of cheques. SCB MICR code for indore branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Standard Chartered Bank branches in indore, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Standard Chartered Bank MICR code for indore branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Standard Chartered Bank indore branch, sprinted 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. Thus MICR code for SCB indore branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Standard Chartered Bank MICR codes for indore branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!