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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 of IDBI Bank, branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.
>>Hupari Branch >>Hutatma Shahkari Bank Ltd Walwa >>Jawahar Coop Bank Ltd Assembly Road >>Kolhapur >>Kolhapur >>Kolhapur >>Kolhapur >>Kolhapur Afb >>Kolhapur District Central Co Op. Bank Ltd. >>Kolhapur Khari Corner >>Kolhapur Kmc Extn Counter >>Kolhapur M Road >>Kolhapur Rajarampuri >>Kolhapur S C >>Kolhapur Service Branch >>Kolhapur Shahupuri >>Kolhapur Shivaji Univercity >>Kolhapur Tarabaipark >>Kumbhi Kasari Sahakari Bank Ltd Rankalwesh Br. >>Radhanagari >>Rajarshi Shahu Goverment Servants Co Operative Bank Ltd >>Retail Asset Kolhapur >>Sane Guruji Vasahat Branch >>Shripatraodada Sahakari Bank Ltd. Assembly Road >>State Transport Bank Kolhapur >>The Kodoli Urban Coop Bank Ltd >>The Prathamik Shikshak Sahakari Bank Ltd. Kolhapur >>The Vita Merchant Coop Bank Ltd Assembly Road >>Valiwade >>Vishwanathrao Patil Murgud Sahakari Bank Assembly Road >>Warange
IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for 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. is the MICR code of IDBI for branch. MICR code for 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 is presented in the table alongside.
The MICR code is used in RBI cheque clearing process to identify the branch 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.