IDBI Patna Patna Bihar MICR CODE

Find MICR Codes for IDBI Patna Patna Bihar

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MICR Code	-NA-
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	Ashok Rajpath
Contact	612-6201390565
Bank Details	Idbi Bank Ltd Ashok Rajpath IBKL0002199

Location	Patna, Patna
City	Patna
District	Patna
State	Bihar
Pincode	800004
Country	IN
Address	Chauhatta,ashok rajpath,near khudabaksh library,opp.urdu academy,ashok rajpath,khazanchi road,patna-800004

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 0 for Ashok Rajpath 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 0 of IDBI Bank, Ashok Rajpath branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Ashok Rajpath branch, makes the characters readable even if there are other marks and stamps on it.

A total of 20 branches of Idbi Bank Ltd are available with micr code -

>>Anisabad >>Ashiana Nagar >>Ashok Rajpath >>Bhusaula Danapur >>Ccu Patna >>Danapur Khagaul Road >>Dhanaut >>Dinapur >>Kankarbagh >>Khagaria >>Kidwaipuri >>Kurthaur >>Patliputra Central Cooperative Bank Ltd. >>Patliputra Colony >>Patna >>Patna Main Branch >>Patnacity >>Rajendra Nagar >>Retail Asset Centre Patna >>Saguna More

MICR code for IDBI Ashok Rajpath

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Ashok Rajpath 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. 0 is the MICR code of IDBI for Ashok Rajpath branch. MICR code for Ashok Rajpath 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 Ashok Rajpath is presented in the table alongside.

Use of IDBI Bank MICR code for Ashok Rajpath branch in patna

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ashok Rajpath 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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