IDBI Jagdalpur Bastar Chhattisgarh MICR CODE

Find MICR Codes for IDBI Jagdalpur Bastar Chhattisgarh

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MICR Code	494259001
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	Jagdalpur
Contact	Mr. Ashish Mishra Mob. No.9926654234
Bank Details	Idbi Bank Ltd Jagdalpur IBKL0000707

Location	Jagdalpur, Bastar
City	Jagdalpur
District	Bastar
State	Chhattisgarh
Pincode	494001
Country	IN
Address	Opp commsineer office hotel akash bulding , jagdalpur (chhattisgarh)

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 494259001 for Jagdalpur 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 494259001 of IDBI Bank, Jagdalpur branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Jagdalpur 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 -

>>Jagdalpur

MICR code for IDBI Jagdalpur

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Jagdalpur 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. 494259001 is the MICR code of IDBI for Jagdalpur branch. MICR code for Jagdalpur 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 Jagdalpur is presented in the table alongside.

Use of IDBI Bank MICR code for Jagdalpur branch in jagdalpur

The MICR code 494259001 is used in RBI cheque clearing process to identify the branch Jagdalpur 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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