IDBI Udgir Latur Maharashtra MICR CODE

Find MICR Codes for IDBI Udgir Latur Maharashtra

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MICR Code	413259604
Bank	Idbi Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kumtha Kh
Contact	267825
Bank Details	Idbi Bank Ltd Kumtha Kh IBKL0001965

Location	Udgir, Latur
City	Udgir
District	Latur
State	Maharashtra
Pincode	413517
Country	IN
Address	G p no 427 at po kumtha khurd tal udgir dist latur

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 413259604 for Kumtha Kh 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 413259604 of IDBI Bank, Kumtha Kh branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Kumtha Kh 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 -

>>Kumtha Kh >>Udgir >>Udgir Urban Co Operative Bank

MICR code for IDBI Kumtha Kh

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Kumtha Kh 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. 413259604 is the MICR code of IDBI for Kumtha Kh branch. MICR code for Kumtha Kh 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 Kumtha Kh is presented in the table alongside.

Use of IDBI Bank MICR code for Kumtha Kh branch in udgir

The MICR code 413259604 is used in RBI cheque clearing process to identify the branch Kumtha Kh 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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