IDBI New Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for IDBI New Delhi New Delhi New Delhi

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ashok Vihar
Contact 9818011307
Bank Details Idbi Bank Ltd Ashok Vihar IBKL0000201
Location New Delhi, New Delhi
City New Delhi
District New Delhi
State New Delhi
Pincode 110052
Country IN
Address B-3/1, ashok vihar,phase iinew delhinew delhidelhinorthnew delhi110 052
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 110259025 for Ashok Vihar 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 110259025 of IDBI Bank, Ashok Vihar branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Ashok Vihar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Idbi Bank Ltd are available with micr code -

>>Ashok Vihar >>Punjabi Bagh >>Vikas Puri >>Vivek Vihar Delhi

MICR code for IDBI Ashok Vihar

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 Vihar 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. 110259025 is the MICR code of IDBI for Ashok Vihar branch. MICR code for Ashok Vihar 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 Vihar is presented in the table alongside.

Use of IDBI Bank MICR code for Ashok Vihar branch in new delhi

The MICR code 110259025 is used in RBI cheque clearing process to identify the branch Ashok Vihar 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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