IDBI Pune Pune Maharashtra MICR CODE

Find MICR Codes for IDBI Pune Pune Maharashtra

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Narhe Branch
Contact 8380098350 / 9822033572
Bank Details Idbi Bank Ltd Narhe Branch IBKL0001357
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411041
Country IN
Address Jayraj building, s.no.50/22 and 23, near kashibai navale hospital, dhayari phata-narhe road, pune 411 041.
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 411259039 for Narhe Branch 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 411259039 of IDBI Bank, Narhe Branch branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Narhe Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 90 branches of Idbi Bank Ltd are available with micr code -

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MICR code for IDBI Narhe Branch

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Narhe Branch 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. 411259039 is the MICR code of IDBI for Narhe Branch branch. MICR code for Narhe Branch 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 Narhe Branch is presented in the table alongside.

Use of IDBI Bank MICR code for Narhe Branch branch in pune

The MICR code 411259039 is used in RBI cheque clearing process to identify the branch Narhe Branch 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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