IDBI Borgaon Wardha Maharashtra MICR CODE

Find MICR Codes for IDBI Borgaon Wardha Maharashtra

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Wardha Nagari Sahakari Adhikosh Bank East Borgaon
Contact
Bank Details Idbi Bank Ltd Wardha Nagari Sahakari Adhikosh Bank East Borgaon IBKL0509W06
Location Borgaon, Wardha
City Borgaon
District Wardha
State Maharashtra
Pincode 442001
Country IN
Address Thakre building near mseb office borgaon 442001
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.

Search IDBI MICR Codes in wardha

You can search through MICR Codes of Maharashtra branches in borgaon of District wardha in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Wardha Nagari Sahakari Adhikosh Bank East Borgaon

How to find MICR codes for IDBI in borgaon?

IDBI borgaon MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From IDBI Bank MICR codes list for borgaon, one can further search by branch name specified in the table. You can find MICR codes for all IDBI borgaon branches.

IDBI Bank MICR code in borgaon

IDBI MICR code is a character recognition technology used by banks in the processing of cheques. IDBI Bank MICR code for borgaon branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for IDBI branches in borgaon, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does IDBI MICR code for borgaon branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a IDBI borgaon branch, sprinted 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. Thus MICR code for IDBI Bank borgaon branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of IDBI MICR codes for borgaon branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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