IDBI Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for IDBI Raipur Raipur Chhattisgarh

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MICR Code	492259501
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	Arang
Contact	7415033004
Bank Details	Idbi Bank Ltd Arang IBKL0001703

Location	Raipur, Raipur
City	Raipur
District	Raipur
State	Chhattisgarh
Pincode	493441
Country	IN
Address	Opp. Old mandi, main road, arang pin 493441

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 492259501 for Arang 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 492259501 of IDBI Bank, Arang branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Arang branch, makes the characters readable even if there are other marks and stamps on it.

A total of 22 branches of Idbi Bank Ltd are available with micr code -

>>Acholi >>Amlidih >>Arang >>Ccu Raipur >>Charoda >>Dumartarai >>Fafadih >>Kondagaon >>Mantralaya >>Mowa >>Pachpedhi Naka >>Raikheda >>Raipur >>Raipur >>Raipur (Corporate Banking Branch) >>Raipur Extn Counter >>Retail Asset Raipur >>Sejbahar Iim Raipur >>Silyari Kurud >>Sunder Nagar >>Upparwara

MICR code for IDBI Arang

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Arang 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. 492259501 is the MICR code of IDBI for Arang branch. MICR code for Arang 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 Arang is presented in the table alongside.

Use of IDBI Bank MICR code for Arang branch in raipur

The MICR code 492259501 is used in RBI cheque clearing process to identify the branch Arang 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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