IDBI Rupnagar Mullanpur Garibadas Punjab MICR CODE

Find MICR Codes for IDBI Rupnagar Mullanpur Garibadas Punjab

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mullanpur Garibdass
Contact 9465193681
Bank Details Idbi Bank Ltd Mullanpur Garibdass IBKL0001932
Location Rupnagar, Mullanpur Garibadas
City Rupnagar
District Mullanpur Garibadas
State Punjab
Pincode 140901
Country IN
Address Jk complex,main road,mullanpur garibdass,punjab,pin-140901
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 Mullanpur Garibdass 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, Mullanpur Garibdass branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Mullanpur Garibdass 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 -

>>Mullanpur Garibdass

MICR code for IDBI Mullanpur Garibdass

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

Use of IDBI Bank MICR code for Mullanpur Garibdass branch in rupnagar

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