IDBI Ajra Kolhapur Maharashtra MICR CODE

Find MICR Codes for IDBI Ajra Kolhapur Maharashtra

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Janata Sahakari Bank Ltd Ajara
Contact 246252
Bank Details Idbi Bank Ltd Janata Sahakari Bank Ltd Ajara IBKL0116JSB
Location Ajra, Kolhapur
City Ajra
District Kolhapur
State Maharashtra
Pincode 416505
Country IN
Address Main road, ajara 416505, dist kolhapur
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 Janata Sahakari Bank Ltd Ajara 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, Janata Sahakari Bank Ltd Ajara branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Janata Sahakari Bank Ltd Ajara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Idbi Bank Ltd are available with micr code -

>>Ajara >>Janata Sahakari Bank Ltd Ajara >>The Prathamik Shikshak Sahakari Bank Ltd Ajara

MICR code for IDBI Janata Sahakari Bank Ltd Ajara

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

Use of IDBI Bank MICR code for Janata Sahakari Bank Ltd Ajara branch in ajra

The MICR code 0 is used in RBI cheque clearing process to identify the branch Janata Sahakari Bank Ltd Ajara 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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