IDBI Vadodara Vadodara Gujarat MICR CODE

Find MICR Codes for IDBI Vadodara Vadodara Gujarat

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Central Clearing Unit Baroda
Contact Kaushik Iyer(937008137)
Bank Details Idbi Bank Ltd Central Clearing Unit Baroda IBKL0000938
Location Vadodara, Vadodara
City Vadodara
District Vadodara
State Gujarat
Pincode 390007
Country IN
Address Idbi bank ltd,garg complex-46a,guatam nagar, opp pizza hut, race course road,baroda-390007
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 390259000 for Central Clearing Unit Baroda 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 390259000 of IDBI Bank, Central Clearing Unit Baroda branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Central Clearing Unit Baroda branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Central Clearing Unit Baroda

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Central Clearing Unit Baroda 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. 390259000 is the MICR code of IDBI for Central Clearing Unit Baroda branch. MICR code for Central Clearing Unit Baroda 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 Central Clearing Unit Baroda is presented in the table alongside.

Use of IDBI Bank MICR code for Central Clearing Unit Baroda branch in vadodara

The MICR code 390259000 is used in RBI cheque clearing process to identify the branch Central Clearing Unit Baroda 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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