IDBI Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for IDBI Delhi New Delhi New Delhi

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch New Delhi Main Branch
Contact 011-22106140 / 2
Bank Details Idbi Bank Ltd New Delhi Main Branch IBKL0000127
Location Delhi, New Delhi
City Delhi
District New Delhi
State New Delhi
Pincode 110001
Country IN
Address Red cross road, ircs building,3rd, 4th & 5th floor,post box no. 231,new delhi-110001
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 110259012 for New Delhi Main 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 110259012 of IDBI Bank, New Delhi Main Branch branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for New Delhi Main Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI New Delhi Main 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 New Delhi Main 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. 110259012 is the MICR code of IDBI for New Delhi Main Branch branch. MICR code for New Delhi Main 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 New Delhi Main Branch is presented in the table alongside.

Use of IDBI Bank MICR code for New Delhi Main Branch branch in delhi

The MICR code 110259012 is used in RBI cheque clearing process to identify the branch New Delhi Main 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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