IDBI Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for IDBI Kolhapur Kolhapur Maharashtra

↻ Reload
MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hupari Branch
Contact 91-9822669939
Bank Details Idbi Bank Ltd Hupari Branch IBKL0002184
Location Kolhapur, Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Pincode 416203
Country IN
Address Cs no 2915, datt ambica, mahaveer nagar, hupari, kolhapur, maharashtra, pin - 416203
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 Hupari Branch 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, Hupari Branch branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Hupari Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Hupari Branch

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

Use of IDBI Bank MICR code for Hupari Branch branch in kolhapur

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

Copied!