IDBI Vadodara Vadodara Gujarat MICR CODE

Find MICR Codes for IDBI Vadodara Vadodara Gujarat

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Karelibaug
Contact Rajiv Avasthi (M) 9638671712
Bank Details Idbi Bank Ltd Karelibaug IBKL0001006
Location Vadodara, Vadodara
City Vadodara
District Vadodara
State Gujarat
Pincode 390018
Country IN
Address Sahjanand complex,62,ambalal park,near swami narayan temple,water tank road,karelibaug,baroda-390018
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 390259006 for Karelibaug 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 390259006 of IDBI Bank, Karelibaug branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Karelibaug branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Karelibaug

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Karelibaug 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. 390259006 is the MICR code of IDBI for Karelibaug branch. MICR code for Karelibaug 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 Karelibaug is presented in the table alongside.

Use of IDBI Bank MICR code for Karelibaug branch in vadodara

The MICR code 390259006 is used in RBI cheque clearing process to identify the branch Karelibaug 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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