IDBI Guhagar Ratnagiri Maharashtra MICR CODE

Find MICR Codes for IDBI Guhagar Ratnagiri Maharashtra

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Guhagar
Contact 2359240404
Bank Details Idbi Bank Ltd Guhagar IBKL0001778
Location Guhagar, Ratnagiri
City Guhagar
District Ratnagiri
State Maharashtra
Pincode 415703
Country IN
Address Vainateya hotel ground floor bazarpeth guhagar,tal -guhagar dist - ratnagiri state -maharashtra pin - 415703
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 415259514 for Guhagar 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 415259514 of IDBI Bank, Guhagar branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Guhagar 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 -

>>Guhagar

MICR code for IDBI Guhagar

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Guhagar 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. 415259514 is the MICR code of IDBI for Guhagar branch. MICR code for Guhagar 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 Guhagar is presented in the table alongside.

Use of IDBI Bank MICR code for Guhagar branch in guhagar

The MICR code 415259514 is used in RBI cheque clearing process to identify the branch Guhagar 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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