IDBI Basoda Vidisha Madhya Pradesh MICR CODE

Find MICR Codes for IDBI Basoda Vidisha Madhya Pradesh

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MICR Code	464810001
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	Basoda Nagrik Sahakari Bank Ltd. Ganjbasoda
Contact	220472
Bank Details	Idbi Bank Ltd Basoda Nagrik Sahakari Bank Ltd. Ganjbasoda IBKL0406BNS

Location	Basoda, Vidisha
City	Basoda
District	Vidisha
State	Madhya Pradesh
Pincode	464221
Country	IN
Address	Hanuman chowk ganjbasoda pin code 464221

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.

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Basoda Nagrik Sahakari Bank Ltd. Ganjbasoda (464810001)

How does MICR code 464810001 for Basoda Nagrik Sahakari Bank Ltd. Ganjbasoda 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 464810001 of IDBI Bank, Basoda Nagrik Sahakari Bank Ltd. Ganjbasoda branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Basoda Nagrik Sahakari Bank Ltd. Ganjbasoda branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Idbi Bank Ltd are available with micr code -

>>Basoda >>Basoda Nagrik Sahakari Bank Ltd. Ganjbasoda

MICR code for IDBI Basoda Nagrik Sahakari Bank Ltd. Ganjbasoda

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Basoda Nagrik Sahakari Bank Ltd. Ganjbasoda 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. 464810001 is the MICR code of IDBI for Basoda Nagrik Sahakari Bank Ltd. Ganjbasoda branch. MICR code for Basoda Nagrik Sahakari Bank Ltd. Ganjbasoda 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 Basoda Nagrik Sahakari Bank Ltd. Ganjbasoda is presented in the table alongside.

Use of IDBI Bank MICR code for Basoda Nagrik Sahakari Bank Ltd. Ganjbasoda branch in basoda

The MICR code 464810001 is used in RBI cheque clearing process to identify the branch Basoda Nagrik Sahakari Bank Ltd. Ganjbasoda 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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