IDBI Faridabad Faridabad Haryana MICR CODE

Find MICR Codes for IDBI Faridabad Faridabad Haryana

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ballabgarh
Contact Prashant Chaudhary 9811833684
Bank Details Idbi Bank Ltd Ballabgarh IBKL0000885
Location Faridabad, Faridabad
City Faridabad
District Faridabad
State Haryana
Pincode 121004
Country IN
Address Khasara no 1670/1674(fca 57), shyam colony, ballabgarh, faridabad 121004
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 110259051 for Ballabgarh 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 110259051 of IDBI Bank, Ballabgarh branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Ballabgarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Idbi Bank Ltd are available with micr code -

>>Ballabgarh >>Digh >>Faridabad >>Kanwara >>Nit Faridabad >>Rac Faridabad >>Scb Faridabad

MICR code for IDBI Ballabgarh

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Ballabgarh 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. 110259051 is the MICR code of IDBI for Ballabgarh branch. MICR code for Ballabgarh 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 Ballabgarh is presented in the table alongside.

Use of IDBI Bank MICR code for Ballabgarh branch in faridabad

The MICR code 110259051 is used in RBI cheque clearing process to identify the branch Ballabgarh 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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