IDBI Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for IDBI Mumbai Mumbai Maharashtra

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jvpd Juhu
Contact Shahab Ahmed, 8898578903
Bank Details Idbi Bank Ltd Jvpd Juhu IBKL0000748
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400049
Country IN
Address Meghna plot- 11 , nutan laxmi chs,road no.10,jvpd scheme,vile parle (w),mumbai - 400049
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 400259085 for Jvpd Juhu 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 400259085 of IDBI Bank, Jvpd Juhu branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Jvpd Juhu branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Jvpd Juhu

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Jvpd Juhu 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. 400259085 is the MICR code of IDBI for Jvpd Juhu branch. MICR code for Jvpd Juhu 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 Jvpd Juhu is presented in the table alongside.

Use of IDBI Bank MICR code for Jvpd Juhu branch in mumbai

The MICR code 400259085 is used in RBI cheque clearing process to identify the branch Jvpd Juhu 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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