IDBI Ghat Road Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for IDBI Ghat Road Nagpur Nagpur Maharashtra

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch The Yavatmal Urban Co Op Bank Ltd
Contact 2273575
Bank Details Idbi Bank Ltd The Yavatmal Urban Co Op Bank Ltd IBKL0041Y27
Location Ghat Road Nagpur, Nagpur
City Ghat Road Nagpur
District Nagpur
State Maharashtra
Pincode 440032
Country IN
Address Jejani complex,infront of pnb clearing house
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.

Search IDBI MICR Codes in nagpur

You can search through MICR Codes of Maharashtra branches in ghat road nagpur of District nagpur in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>The Yavatmal Urban Co Op Bank Ltd

How to find MICR codes for IDBI in ghat road nagpur?

IDBI ghat road nagpur MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From IDBI Bank MICR codes list for ghat road nagpur, one can further search by branch name specified in the table. You can find MICR codes for all IDBI ghat road nagpur branches.

IDBI Bank MICR code in ghat road nagpur

IDBI MICR code is a character recognition technology used by banks in the processing of cheques. IDBI Bank MICR code for ghat road nagpur branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for IDBI branches in ghat road nagpur, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does IDBI MICR code for ghat road nagpur branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a IDBI ghat road nagpur branch, sprinted 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. Thus MICR code for IDBI Bank ghat road nagpur branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of IDBI MICR codes for ghat road nagpur branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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