IDBI Delhi Delhi New Delhi MICR CODE

Find MICR Codes for IDBI Delhi Delhi New Delhi

↻ Reload
MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gandhinagar
Contact 1122077452
Bank Details Idbi Bank Ltd Gandhinagar IBKL0001591
Location Delhi, Delhi
City Delhi
District Delhi
State New Delhi
Pincode 110031
Country IN
Address 25,mahila colony gandhinagar,delhi 31
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 110259071 for Gandhinagar 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 110259071 of IDBI Bank, Gandhinagar branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Gandhinagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Gandhinagar

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Gandhinagar 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. 110259071 is the MICR code of IDBI for Gandhinagar branch. MICR code for Gandhinagar 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 Gandhinagar is presented in the table alongside.

Use of IDBI Bank MICR code for Gandhinagar branch in delhi

The MICR code 110259071 is used in RBI cheque clearing process to identify the branch Gandhinagar 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.

Copied!