| MICR CODE | 400019060 |
|---|---|
| Bank | Indian Bank |
| Branch | New Panvel |
| IFSC Code | IFSC Code Indian Bank |
| Address | Flat No. 1 & 2, Daffodils , Building,panvel-matheran Road, Sector -12, Plot No.24, New Panvel , Navi Mumbai, Raigad, Maharashtra 410206 |
| City | Panvel |
| State | Maharashtra |
Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.
MICR code is a code printed on checks using MICR (Magnetic Ink Character Recognition) technology. The purpose of this code is to identify the cheques and which means faster processing. A MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).