IDBI Thane Thane Maharashtra MICR CODE

Find MICR Codes for IDBI Thane Thane Maharashtra

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MICR Code	400259064
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	Nalasopara
Contact	0250-2400895
Bank Details	Idbi Bank Ltd Nalasopara IBKL0000662

Location	Thane, Thane
City	Thane
District	Thane
State	Maharashtra
Pincode	401203
Country	IN
Address	Siddhivinayak complex, station raod, nalasopara west, pincode - 401203

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 400259064 for Nalasopara 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 400259064 of IDBI Bank, Nalasopara branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Nalasopara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 19 branches of Idbi Bank Ltd are available with micr code -

>>Badlapur >>Citizens Co Operative Bank Ltd Thane >>Dombivali E >>Dombivali Ramnagar >>Dombivali West >>Kasarvadavli Thane >>Kelve Road >>Kharegaon Kalwa >>Mangal Co Operative Bank Limited Mira Road East >>Mangal Co Operative Bank Limited Nallasopara East >>Nalasopara >>Retail Asset Thane >>State Transport Bank Thane >>Thane >>Thane >>Thane Jambhali Naka >>Thane Naupada >>Vasant Vihar >>Vima Kamgar Cooperative Bank Ltd Thane

MICR code for IDBI Nalasopara

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Nalasopara 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. 400259064 is the MICR code of IDBI for Nalasopara branch. MICR code for Nalasopara 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 Nalasopara is presented in the table alongside.

Use of IDBI Bank MICR code for Nalasopara branch in thane

The MICR code 400259064 is used in RBI cheque clearing process to identify the branch Nalasopara 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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