IDBI Chhindwara Chhindwara Madhya Pradesh MICR CODE

Find MICR Codes for IDBI Chhindwara Chhindwara Madhya Pradesh

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MICR Code	480259501
Bank	Idbi Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ajaniya
Contact	273009
Bank Details	Idbi Bank Ltd Ajaniya IBKL0001401

Location	Chhindwara, Chhindwara
City	Chhindwara
District	Chhindwara
State	Madhya Pradesh
Pincode	480001
Country	IN
Address	Gram ajaniya at post sarna

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 480259501 for Ajaniya 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 480259501 of IDBI Bank, Ajaniya branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Ajaniya branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Idbi Bank Ltd are available with micr code -

>>Ajaniya >>Chhindwara >>Kabadiya

MICR code for IDBI Ajaniya

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Ajaniya 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. 480259501 is the MICR code of IDBI for Ajaniya branch. MICR code for Ajaniya 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 Ajaniya is presented in the table alongside.

Use of IDBI Bank MICR code for Ajaniya branch in chhindwara

The MICR code 480259501 is used in RBI cheque clearing process to identify the branch Ajaniya 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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