IDBI Ranchi Ranchi Jharkhand MICR CODE

Find MICR Codes for IDBI Ranchi Ranchi Jharkhand

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MICR Code	834259009
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	Muri
Contact	9709001220
Bank Details	Idbi Bank Ltd Muri IBKL0001749

Location	Ranchi, Ranchi
City	Ranchi
District	Ranchi
State	Jharkhand
Pincode	835101
Country	IN
Address	Muri,jharkhand,near bharat petrol pump,muri,dist ranchi,pin - 835101

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 834259009 for Muri 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 834259009 of IDBI Bank, Muri branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Muri branch, makes the characters readable even if there are other marks and stamps on it.

A total of 28 branches of Idbi Bank Ltd are available with micr code -

MICR code for IDBI Muri

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Muri 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. 834259009 is the MICR code of IDBI for Muri branch. MICR code for Muri 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 Muri is presented in the table alongside.

Use of IDBI Bank MICR code for Muri branch in ranchi

The MICR code 834259009 is used in RBI cheque clearing process to identify the branch Muri 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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