IDBI Ichalkaranji Kolhapur Maharashtra MICR CODE

Find MICR Codes for IDBI Ichalkaranji Kolhapur Maharashtra

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MICR Code	-NA-
Bank	Idbi Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ichalkaranji M
Contact	0230-2432208
Bank Details	Idbi Bank Ltd Ichalkaranji M IBKL0000467

Location	Ichalkaranji, Kolhapur
City	Ichalkaranji
District	Kolhapur
State	Maharashtra
Pincode	416115
Country	IN
Address	United western bank bldg.,, h no.167, ward no.9,, ichalkaranji, pincode - 416115

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 Ichalkaranji M 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, Ichalkaranji M branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Ichalkaranji M 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 -

>>Ichalkaranji K M >>Ichalkaranji M

MICR code for IDBI Ichalkaranji M

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

Use of IDBI Bank MICR code for Ichalkaranji M branch in ichalkaranji

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ichalkaranji M 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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