IDBI Mon Mon Nagaland MICR CODE

Find MICR Codes for IDBI Mon Mon Nagaland

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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	Mon Town
Contact	91-7005658677
Bank Details	Idbi Bank Ltd Mon Town IBKL0002269

Location	Mon, Mon
City	Mon
District	Mon
State	Nagaland
Pincode	798621
Country	IN
Address	Wanglee complex bazar lane below dc office mon district nagaland pin 798621

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

A total of 1 branches of Idbi Bank Ltd are available with micr code -

>>Mon Town

MICR code for IDBI Mon Town

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

Use of IDBI Bank MICR code for Mon Town branch in mon

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