IDBI Abohar Ferozpur Punjab MICR CODE

Find MICR Codes for IDBI Abohar Ferozpur Punjab

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Abohar
Contact Parveen Bansal, 98784-40590
Bank Details Idbi Bank Ltd Abohar IBKL0000425
Location Abohar, Ferozpur
City Abohar
District Ferozpur
State Punjab
Pincode 152116
Country IN
Address Gaushala road, near bhadoo filling station, abohar punjab-1521116
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.

How does MICR code 152259302 for Abohar 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 152259302 of IDBI Bank, Abohar branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Abohar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Idbi Bank Ltd are available with micr code -

>>Abohar

MICR code for IDBI Abohar

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Abohar 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. 152259302 is the MICR code of IDBI for Abohar branch. MICR code for Abohar 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 IDBI Bank Abohar is presented in the table alongside.

Use of IDBI Bank MICR code for Abohar branch in abohar

The MICR code 152259302 is used in RBI cheque clearing process to identify the branch Abohar and IDBI Bank 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 IDBI is typically in either of these two font’s: E-138 and CMC-7.

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