IDBI Godhra Panch Mahals Gujarat MICR CODE

Find MICR Codes for IDBI Godhra Panch Mahals Gujarat

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Godhra
Contact Mahesh Chavda-9724235353; Vijay Pardeshi-9726831998
Bank Details Idbi Bank Ltd Godhra IBKL0001104
Location Godhra, Panch Mahals
City Godhra
District Panch Mahals
State Gujarat
Pincode 389001
Country IN
Address Idbi bank, guruprasad complex, chitra road, lic marg, godhra - 389001 gujarat
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 389259001 for Godhra 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 389259001 of IDBI Bank, Godhra branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Godhra branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Idbi Bank Ltd are available with micr code -

>>Godhra >>Vavdi

MICR code for IDBI Godhra

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Godhra 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. 389259001 is the MICR code of IDBI for Godhra branch. MICR code for Godhra 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 Godhra is presented in the table alongside.

Use of IDBI Bank MICR code for Godhra branch in godhra

The MICR code 389259001 is used in RBI cheque clearing process to identify the branch Godhra 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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