IDBI West Nimar Barwaha Madhya Pradesh MICR CODE

Find MICR Codes for IDBI West Nimar Barwaha Madhya Pradesh

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chitramor
Contact 9826196124
Bank Details Idbi Bank Ltd Chitramor IBKL0001812
Location West Nimar, Barwaha
City West Nimar
District Barwaha
State Madhya Pradesh
Pincode 451111
Country IN
Address Village chitramor,tehsil barwah,dist.khargone,mp - 451111
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 451259505 for Chitramor 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 451259505 of IDBI Bank, Chitramor branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Chitramor branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Chitramor

MICR code for IDBI Chitramor

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Chitramor 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. 451259505 is the MICR code of IDBI for Chitramor branch. MICR code for Chitramor 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 Chitramor is presented in the table alongside.

Use of IDBI Bank MICR code for Chitramor branch in west nimar

The MICR code 451259505 is used in RBI cheque clearing process to identify the branch Chitramor 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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