IDBI Ichalkarnji Kolhapur Maharashtra MICR CODE

Find MICR Codes for IDBI Ichalkarnji Kolhapur Maharashtra

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nutan Sahakari Bank Ltd. Ichalkaranji Sahakar Nagar
Contact
Bank Details Idbi Bank Ltd Nutan Sahakari Bank Ltd. Ichalkaranji Sahakar Nagar IBKL0467NS2
Location Ichalkarnji, Kolhapur
City Ichalkarnji
District Kolhapur
State Maharashtra
Pincode 416001
Country IN
Address Vadagaon bazar samiti compound, ichalkaranji.
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 Nutan Sahakari Bank Ltd. Ichalkaranji Sahakar Nagar 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, Nutan Sahakari Bank Ltd. Ichalkaranji Sahakar Nagar branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Nutan Sahakari Bank Ltd. Ichalkaranji Sahakar Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Nutan Sahakari Bank Ltd. Ichalkaranji Sahakar Nagar

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Nutan Sahakari Bank Ltd. Ichalkaranji Sahakar Nagar 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 Nutan Sahakari Bank Ltd. Ichalkaranji Sahakar Nagar branch. MICR code for Nutan Sahakari Bank Ltd. Ichalkaranji Sahakar Nagar 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 Nutan Sahakari Bank Ltd. Ichalkaranji Sahakar Nagar is presented in the table alongside.

Use of IDBI Bank MICR code for Nutan Sahakari Bank Ltd. Ichalkaranji Sahakar Nagar branch in ichalkarnji

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nutan Sahakari Bank Ltd. Ichalkaranji Sahakar Nagar 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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