| MICR CODE | 160234034 |
|---|---|
| Bank | Indusind Bank |
| Branch | Derabassi |
| IFSC Code | IFSC Code Indusind Bank |
| Address | Indusind Bank Ltd Ground Floor Paras Bank Square Chandigarh Ambala Highway Derabassi Dist Mohali 140507 |
| City | Derabassi |
| State | Punjab |
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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).