IDBI Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for IDBI Bangalore Bangalore Urban Karnataka

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MICR Code	560259020
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	Basavanagudi Branch
Contact	Chinthan Ratnakar 7829902864
Bank Details	Idbi Bank Ltd Basavanagudi Branch IBKL0001084

Location	Bangalore, Bangalore Urban
City	Bangalore
District	Bangalore Urban
State	Karnataka
Pincode	560004
Country	IN
Address	Idbi bank ltd sri narayana mansion, no: 3/1, deewan madhava rao road, (opp mnk rao park) basavanagudi-560004 bangalore

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 560259020 for Basavanagudi 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 560259020 of IDBI Bank, Basavanagudi Branch branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Basavanagudi Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 28 branches of Idbi Bank Ltd are available with micr code -

>>Banashankari >>Banaswadi >>Bangalore (Corporate Banking Branch) >>Bangalore Main Branch >>Basavanagudi Branch >>Bengaluru R.T. Nagar >>Btm Layout >>Ccu Bangalore >>Electronic City Branch >>Gandhi Nagar >>Indira Nagar >>Jayanagar >>Koramangala >>Malleswaram Bangalore >>Mission Road >>Nelamangala >>Rac Indiranagar >>Rac Kormangala >>Rac Malleswaram >>Rac Yelahanka >>Rajajinagar >>Rajarajeshwari Nagar >>Sarraki Lake >>Sri Guru Raghavendra Sahakara Bank Niyamitha Basavanagudi >>The Grain Merchants Co Operatve Bank Ltd >>The Sirsi Urban Sahakari Bank Limited >>The Sirsi Urban Sahakari Bank Limited >>Vijayanagar

MICR code for IDBI Basavanagudi 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 Basavanagudi 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. 560259020 is the MICR code of IDBI for Basavanagudi Branch branch. MICR code for Basavanagudi 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 Basavanagudi Branch is presented in the table alongside.

Use of IDBI Bank MICR code for Basavanagudi Branch branch in bangalore

The MICR code 560259020 is used in RBI cheque clearing process to identify the branch Basavanagudi 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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