IDBI Bhubaneswar Khurda Orissa MICR CODE

Find MICR Codes for IDBI Bhubaneswar Khurda Orissa

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MICR Code	-NA-
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	Rac Bhubaneswar
Contact	Indramani Swain / 9778376379
Bank Details	Idbi Bank Ltd Rac Bhubaneswar IBKL0000833

Location	Bhubaneswar, Khurda
City	Bhubaneswar
District	Khurda
State	Orissa
Pincode	751022
Country	IN
Address	Idbi bank ltd,retail asset centre,1st floor,idbi house,unit 9,janpath,bhubaneswar-751022

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

A total of 16 branches of Idbi Bank Ltd are available with micr code -

>>Bapujinagar >>Bhubaneshwar >>Bhubaneshwar Khandagiri >>Bhubaneshwar Main Branch >>Bhubaneswar (Corporate Banking Branch) >>Bhubaneswar Chandrasekharpur >>Central Clearing Unit Bhubaneshwar >>Crp Square >>Khordha Central Co Operative Bank Ltd >>Khordha Central Coop Bank Bhubane >>Khordha Central Coop Bank City >>Khordha Central Coop Bank Mahila >>Khordha Central Coop Bank Nandan >>Khordha Central Coop Bank Old Town >>Lewis Road >>Rac Bhubaneswar

MICR code for IDBI Rac Bhubaneswar

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

Use of IDBI Bank MICR code for Rac Bhubaneswar branch in bhubaneswar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rac Bhubaneswar 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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