IDBI Baloda Bazar Raipur Chhattisgarh MICR CODE

Find MICR Codes for IDBI Baloda Bazar Raipur Chhattisgarh

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Baloda Branch
Contact 8878875666/0771-4092182
Bank Details Idbi Bank Ltd Baloda Branch IBKL0001214
Location Baloda Bazar, Raipur
City Baloda Bazar
District Raipur
State Chhattisgarh
Pincode 493332
Country IN
Address Near sdm office , beside pnb,main road,baloda bazaar.pin-493332(cg)
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 493259151 for Baloda Branch 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 493259151 of IDBI Bank, Baloda Branch branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Baloda Branch branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Baloda Branch

MICR code for IDBI Baloda Branch

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Baloda Branch 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. 493259151 is the MICR code of IDBI for Baloda Branch branch. MICR code for Baloda Branch 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 Baloda Branch is presented in the table alongside.

Use of IDBI Bank MICR code for Baloda Branch branch in baloda bazar

The MICR code 493259151 is used in RBI cheque clearing process to identify the branch Baloda Branch 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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