IDBI Delhi Delhi New Delhi MICR CODE

Find MICR Codes for IDBI Delhi Delhi New Delhi

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MICR Code	110259052
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	Malviya Nagar
Contact
Bank Details	Idbi Bank Ltd Malviya Nagar IBKL0001008

Location	Delhi, Delhi
City	Delhi
District	Delhi
State	New Delhi
Pincode	110017
Country	IN
Address	C-83 shivalik road malviya nagar, new delhi-110017

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 110259052 for Malviya Nagar 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 110259052 of IDBI Bank, Malviya Nagar branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Malviya Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 31 branches of Idbi Bank Ltd are available with micr code -

>>Azadpur >>Cargo Terminal Delhi >>Cash Processing Centre Sol 969. >>Civil Lines >>Delhi Ccu >>Derawal Nagar >>Gandhinagar >>Jsc Vtb Bank >>Kirti Nagar >>Krishna Nagar >>Malviya Nagar >>Mayur Vihar >>Najafgarh >>Nangloi >>Naraina >>Nithari Delhi >>Prashant Vihar >>Rac Lajpat Nagar >>Ramgarhia Co Op Bank Ltd >>Retail Asset New Delhi >>Rohinisec 11Delhi >>Sadar Bazar >>Shahdara >>Shalimar Bagh >>Subzi Mandi >>The Keshav Sehkari Bank Limited >>Uttam Nagar >>Vasant Kunj >>Videocon Tower >>Yamuna Vihar

MICR code for IDBI Malviya Nagar

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Malviya Nagar 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. 110259052 is the MICR code of IDBI for Malviya Nagar branch. MICR code for Malviya Nagar 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 Malviya Nagar is presented in the table alongside.

Use of IDBI Bank MICR code for Malviya Nagar branch in delhi

The MICR code 110259052 is used in RBI cheque clearing process to identify the branch Malviya Nagar 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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