IDBI Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for IDBI Bhopal Bhopal Madhya Pradesh

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MICR Code	-NA-
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	M.P.Nagar Branch
Contact	91-7566665601
Bank Details	Idbi Bank Ltd M.P.Nagar Branch IBKL0002273

Location	Bhopal, Bhopal
City	Bhopal
District	Bhopal
State	Madhya Pradesh
Pincode
Country	IN
Address	Idbi bank ltd,priyadarshini prabha,r-i,zone ii,m.p.nagar bhopal dist -bhopal

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 0 for M.P.Nagar Branch 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 0 of IDBI Bank, M.P.Nagar Branch branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for M.P.Nagar Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Idbi Bank Ltd are available with micr code -

>>Arera Colony Bhopal >>Bairagarh >>Bhopal >>Bhopal >>Bhopal Main Branch >>Dig Bungalow Square >>Indrapuri >>Kolar Road Bhopal >>M.P.Nagar Branch >>Retail Asset Bhopal

MICR code for IDBI M.P.Nagar Branch

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for M.P.Nagar Branch 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. 0 is the MICR code of IDBI for M.P.Nagar Branch branch. MICR code for M.P.Nagar Branch 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 M.P.Nagar Branch is presented in the table alongside.

Use of IDBI Bank MICR code for M.P.Nagar Branch branch in bhopal

The MICR code 0 is used in RBI cheque clearing process to identify the branch M.P.Nagar 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.

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