IDBI Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for IDBI Mumbai Mumbai Maharashtra

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MICR Code	400259062
Bank	Idbi Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Powai
Contact	022-65244852/853
Bank Details	Idbi Bank Ltd Powai IBKL0000237

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400076
Country	IN
Address	Jheel darshan, mhada complex, a. S. Marg (powai to andheri road), powai, mumbai, maharashtra 400076

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 400259062 for Powai 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 400259062 of IDBI Bank, Powai branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Powai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 78 branches of Idbi Bank Ltd are available with micr code -

>>Andheri >>Andheri >>Andheri (Corporate Banking Branch) >>Andheri (West) >>Asset Recovery Br. Mumbai >>Bandra >>Belapur >>Borivali >>Borivali >>Central Accounting Cell Head Office >>Chembur >>Chembur >>Cms >>Dadar 14 >>Dadar 28 >>Dahisar >>Deonar >>Drd >>Fort >>Ghatkopar >>Girgaon >>Goregaon Mumbai >>Goregaon W >>Head Office Santacruz >>Idbi Extn Counter >>Itb (Ubsbu) >>Jaslok Extn Counter >>Jvpd Juhu >>Kalbadevi >>Kalina Santacruz >>Kandivali >>Kandivali (West ) >>Khar >>Kurla Branch >>Lic P And Gs >>Lower Parel >>Lower Parel (West) Mumbai >>Mahim >>Main Branch Mumbai >>Malad >>Malad >>Marol Mumbai >>Matunga >>Mulund E >>Mulund W >>Nana Chowk >>Nariman Point >>Nariman Point >>Near Mulund Railway Station Mulund(West) Mumbai >>Nec Sahar >>Niptc Sahar >>Ntb Santacruz >>Old Airport Santacruz >>Overseas Mumbai >>Parel (Lalbaug) >>Powai >>Prabhadevi >>Prabhadevi >>Retail Assets >>Rtgs Cell >>Rtgs Ho >>Ruia College Extn >>Service Mumbai >>Sion (West) >>The Deccan Merchants Co Operative Bank Ltd. >>The Naval Dockyard Co Operative Bank Ltd Fort >>The Naval Dockyard Co Operative Bank Ltd Ghatkopar >>The Naval Dockyard Co Operative Bank Ltd Nt Pool >>The Naval Dockyard Co Operative Bank Ltd Powai >>The Naval Dockyard Co Operative Bank Ltd Trombay >>Truner Road Bandra (W) Mumbai >>Vadgadi Mumbai >>Vashi >>Versova >>Vile Parle >>Vile Parle (W) >>Warden Road >>World Trade Centre Complex Cufe Parade Mumbai

MICR code for IDBI Powai

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Powai 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. 400259062 is the MICR code of IDBI for Powai branch. MICR code for Powai 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 Powai is presented in the table alongside.

Use of IDBI Bank MICR code for Powai branch in mumbai

The MICR code 400259062 is used in RBI cheque clearing process to identify the branch Powai 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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