IFSC Code of INDUSIND BANK, KANTI FACTORY ROAD PATNA branch, PATNA, BIHAR
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Indusind Bank, Kanti Factory Road Patna, Patna, Bihar, India branch details available with IFSC Code, City, Bank Address, Bank Location, MICR Code, Branch Code, Contact Number, Official website of the bank, etc
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MICR Code of the Indusind Bank, Kanti Factory Road Patna Branch
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KANTI FACTORY ROAD PATNA
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PLOT NO 712 KANTI FACTORY MAIN ROAD MAHATMA GANDHI NAGAR KANKARBAGH PATNA 800020
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INDIA
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PATNA
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2350045
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(Last 6 Characters of the IFSC Code) -
NA
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What is a MICR Code?
Magnetic Ink Character Recognition (MICR) is a 9-digit code used in banking for secure and automated cheque processing under the Electronic Clearing System (ECS).
🔹 Structure of a MICR Code:
- First 3 digits – Represent the city code (aligned with PIN codes).
- Middle 3 digits – Represent the bank code.
- Last 3 digits – Represent the specific branch code.
🔹 Where Can You Find a MICR Code?
- Printed at the bottom of cheque leaves.
- Available on the first page of your passbook.
🔹 Why is MICR Important?
- Speeds up cheque clearance using MICR-enabled scanners.
- Reduces errors in processing and ensures quick verification.
- Used for ECS transactions, salary processing, and automatic bill payments.
✅ 2025 Update: Many banks are shifting to digital cheque clearing (DCC), reducing reliance on MICR for faster settlement cycles.
