IDBI Bokaro Bokaro Jharkhand MICR CODE

Find MICR Codes for IDBI Bokaro Bokaro Jharkhand

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MICR Code	827259002
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	Bokaro
Contact	06542 233889
Bank Details	Idbi Bank Ltd Bokaro IBKL0000185

Location	Bokaro, Bokaro
City	Bokaro
District	Bokaro
State	Jharkhand
Pincode	827004
Country	IN
Address	M/s classic, a - 1/2, city centre, sector iv, jharkhand, east, bokaro 827004

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 827259002 for Bokaro 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 827259002 of IDBI Bank, Bokaro branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Bokaro branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Idbi Bank Ltd are available with micr code -

>>Bokaro >>Jharkhand State Coop Bank Bermo Bro >>Jharkhand State Coop Bank Bokaro >>Jharkhand State Coop Bank Jhainamore Jna >>Jharkhand State Cooperative Bank Limited Karmatand >>Kurpania >>Utasara

MICR code for IDBI Bokaro

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Bokaro 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. 827259002 is the MICR code of IDBI for Bokaro branch. MICR code for Bokaro 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 Bokaro is presented in the table alongside.

Use of IDBI Bank MICR code for Bokaro branch in bokaro

The MICR code 827259002 is used in RBI cheque clearing process to identify the branch Bokaro 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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