IDBI Balod Durg Chhattisgarh MICR CODE

Find MICR Codes for IDBI Balod Durg Chhattisgarh

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Balod
Contact 8120173314
Bank Details Idbi Bank Ltd Balod IBKL0001215
Location Balod, Durg
City Balod
District Durg
State Chhattisgarh
Pincode 491226
Country IN
Address Idbi bank, main road,near uco bank,durg road, balod,pin 491226, chhattisgarh
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.

Search IDBI MICR Codes in durg

You can search through MICR Codes of Chhattisgarh branches in balod of District durg in Chhattisgarh State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Idbi Bank Ltd are available with micr code -

>>Balod

How to find MICR codes for IDBI in balod?

IDBI balod MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From IDBI Bank MICR codes list for balod, one can further search by branch name specified in the table. You can find MICR codes for all IDBI balod branches.

IDBI Bank MICR code in balod

IDBI MICR code is a character recognition technology used by banks in the processing of cheques. IDBI Bank MICR code for balod branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for IDBI branches in balod, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does IDBI MICR code for balod branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a IDBI balod branch, sprinted 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. Thus MICR code for IDBI Bank balod branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of IDBI MICR codes for balod branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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