IDBI Delhi Delhi New Delhi MICR CODE

Find MICR Codes for IDBI Delhi Delhi New Delhi

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

A total of 31 branches of Idbi Bank Ltd are available with micr code -

>>Azadpur >>Cargo Terminal Delhi >>Cash Processing Centre Sol 969. >>Civil Lines >>Delhi Ccu >>Derawal Nagar >>Gandhinagar >>Jsc Vtb Bank >>Kirti Nagar >>Krishna Nagar >>Malviya Nagar >>Mayur Vihar >>Najafgarh >>Nangloi >>Naraina >>Nithari Delhi >>Prashant Vihar >>Rac Lajpat Nagar >>Ramgarhia Co Op Bank Ltd >>Retail Asset New Delhi >>Rohinisec 11Delhi >>Sadar Bazar >>Shahdara >>Shalimar Bagh >>Subzi Mandi >>The Keshav Sehkari Bank Limited >>Uttam Nagar >>Vasant Kunj >>Videocon Tower >>Yamuna Vihar

MICR code for IDBI

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

Use of IDBI Bank MICR code for branch in delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch 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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