IDBI Delhi Delhi New Delhi MICR CODE

Find MICR Codes for IDBI Delhi Delhi New Delhi

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Cash Processing Centre Sol 969.
Contact 011-41452334
Bank Details Idbi Bank Ltd Cash Processing Centre Sol 969. IBKL0000969
Location Delhi, Delhi
City Delhi
District Delhi
State New Delhi
Pincode 110018
Country IN
Address Idbi bank ltd, cpc, 11-b/8, tewari house, pusa road, newdelhi-110018.
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 0 for Cash Processing Centre Sol 969. 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 0 of IDBI Bank, Cash Processing Centre Sol 969. branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Cash Processing Centre Sol 969. branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Cash Processing Centre Sol 969.

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Cash Processing Centre Sol 969. 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. 0 is the MICR code of IDBI for Cash Processing Centre Sol 969. branch. MICR code for Cash Processing Centre Sol 969. 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 Cash Processing Centre Sol 969. is presented in the table alongside.

Use of IDBI Bank MICR code for Cash Processing Centre Sol 969. branch in delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Cash Processing Centre Sol 969. 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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