IDBI Nuzvid Krishna Andhra Pradesh MICR CODE

Find MICR Codes for IDBI Nuzvid Krishna Andhra Pradesh

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nuzvid
Contact 233662
Bank Details Idbi Bank Ltd Nuzvid IBKL0001934
Location Nuzvid, Krishna
City Nuzvid
District Krishna
State Andhra Pradesh
Pincode 521201
Country IN
Address R.s no 450/1,ground floor,block no-25,hanuman junction road,nuzvid-521201
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 520259742 for Nuzvid 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 520259742 of IDBI Bank, Nuzvid branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Nuzvid branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Idbi Bank Ltd are available with micr code -

>>Nuzvid

MICR code for IDBI Nuzvid

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Nuzvid 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. 520259742 is the MICR code of IDBI for Nuzvid branch. MICR code for Nuzvid 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 Nuzvid is presented in the table alongside.

Use of IDBI Bank MICR code for Nuzvid branch in nuzvid

The MICR code 520259742 is used in RBI cheque clearing process to identify the branch Nuzvid 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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