IDBI Jalgaon Jalgaon Maharashtra MICR CODE

Find MICR Codes for IDBI Jalgaon Jalgaon Maharashtra

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mehrun
Contact 0257-2210868
Bank Details Idbi Bank Ltd Mehrun IBKL0000572
Location Jalgaon, Jalgaon
City Jalgaon
District Jalgaon
State Maharashtra
Pincode 425003
Country IN
Address Pagaria chambers,, ajantha road, m i d c area,, mehrun, pincode - 425003
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 Mehrun 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, Mehrun branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Mehrun branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Idbi Bank Ltd are available with micr code -

>>Bhusawal Nahata College >>Jalgaon >>Jalgaon Dadawadi >>Mehrun >>State Transport Bank Jalgaon

MICR code for IDBI Mehrun

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

Use of IDBI Bank MICR code for Mehrun branch in jalgaon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mehrun 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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