IDBI Bolangir Balangir Orissa MICR CODE

Find MICR Codes for IDBI Bolangir Balangir Orissa

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MICR Code	767259503
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	Bendra
Contact	7205173261
Bank Details	Idbi Bank Ltd Bendra IBKL0002070

Location	Bolangir, Balangir
City	Bolangir
District	Balangir
State	Orissa
Pincode	767001
Country	IN
Address	At-bharat nirman rajiv gandhi seva kendra, gram panchayat office rampur, agalpur, dist-bolangir, pin-767021, odisha

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 767259503 for Bendra 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 767259503 of IDBI Bank, Bendra branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Bendra branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Idbi Bank Ltd are available with micr code -

>>Bendra >>Bolangir >>Saramuhan

MICR code for IDBI Bendra

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Bendra 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. 767259503 is the MICR code of IDBI for Bendra branch. MICR code for Bendra 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 Bendra is presented in the table alongside.

Use of IDBI Bank MICR code for Bendra branch in bolangir

The MICR code 767259503 is used in RBI cheque clearing process to identify the branch Bendra 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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