IDBI Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for IDBI Chennai Chennai Tamil Nadu

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mogappair
Contact Rajeev V G/ 04426567637
Bank Details Idbi Bank Ltd Mogappair IBKL0000300
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600037
Country IN
Address Plot no. 12/18,seethakkathi road,mogappair east,chennai-600037
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 600259015 for Mogappair 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 600259015 of IDBI Bank, Mogappair branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Mogappair branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Mogappair

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Mogappair 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. 600259015 is the MICR code of IDBI for Mogappair branch. MICR code for Mogappair 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 Mogappair is presented in the table alongside.

Use of IDBI Bank MICR code for Mogappair branch in chennai

The MICR code 600259015 is used in RBI cheque clearing process to identify the branch Mogappair 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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