IDBI Mulsi Pune Maharashtra MICR CODE

Find MICR Codes for IDBI Mulsi Pune Maharashtra

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kasarsai
Contact 9561828431
Bank Details Idbi Bank Ltd Kasarsai IBKL0001791
Location Mulsi, Pune
City Mulsi
District Pune
State Maharashtra
Pincode 410506
Country IN
Address Shedge building,padwal ali,kasarsai,tal -mulshi,pune - 410506
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 411259504 for Kasarsai 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 411259504 of IDBI Bank, Kasarsai branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Kasarsai 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 -

>>Kasarsai

MICR code for IDBI Kasarsai

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Kasarsai 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. 411259504 is the MICR code of IDBI for Kasarsai branch. MICR code for Kasarsai 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 Kasarsai is presented in the table alongside.

Use of IDBI Bank MICR code for Kasarsai branch in mulsi

The MICR code 411259504 is used in RBI cheque clearing process to identify the branch Kasarsai 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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