IDBI Chennai Thiruvallur Tamil Nadu MICR CODE

Find MICR Codes for IDBI Chennai Thiruvallur Tamil Nadu

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Porur
Contact Naren Kandala m: 9487804321 n_Kandala@idbi.Co.In
Bank Details Idbi Bank Ltd Porur IBKL0001085
Location Chennai, Thiruvallur
City Chennai
District Thiruvallur
State Tamil Nadu
Pincode 600116
Country IN
Address Idbi bank ltd, pe ve plaza , no : 9 lakshmi nagar ,acrot road, porur, chennai 6000116.
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 600259027 for Porur 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 600259027 of IDBI Bank, Porur branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Porur 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 -

>>Porur

MICR code for IDBI Porur

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Porur 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. 600259027 is the MICR code of IDBI for Porur branch. MICR code for Porur 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 Porur is presented in the table alongside.

Use of IDBI Bank MICR code for Porur branch in chennai

The MICR code 600259027 is used in RBI cheque clearing process to identify the branch Porur 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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