|
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 of IDBI Bank, branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.
>>Ace Cooperative Bank Ltd Old Airport Branch Head Office >>Bhavani Sahakari Bank Ltd >>Bkc >>Capital Market Operations Cpu >>Corporate Centre Mumbai >>Cpu Andheri East >>Currency Chest Bkc >>Fort >>Kalbadevi >>Mahape >>Mumbai Currency Chest >>Navi Mumbai Co Op Bank Ltd Vashi Sector 10 Branch >>Oshiwara >>Progressive Cooperative Bank Ltd Dadar >>Progressive Cooperative Bank Ltd Head Office >>Progressive Cooperative Bank Ltd Kalbadevi >>Progressive Cooperative Bank Ltd Mulund >>Progressive Cooperative Bank Ltd Sion >>Raigad Sahakari Bank Limited Head Office >>Retail Asset Andheri >>Retail Asset Belapur >>Retail Asset Borivali >>Retail Asset Deonar >>Retail Asset Worli >>Service Branch Mumbai >>Sindhudurg Co Operative Bank Ltd. >>Specalised Corporate Branch Bkc >>Specialised Corporate Branch Belapur >>State Transport Bank Kurla >>State Transport Co Op Bank Ltd. >>Statetransportcoopbank Mumbai >>Thakur Village Kandivali >>The City Co Op Bank Ltd >>The Income Tax Dept. Co Op Bank Ltd Aayakar Bhavan Charchgate >>The Jain Sahkari Bank Ltd. >>The Maharashtra Mantralaya And Allied Offices Coop Bank Ltd >>The Mogaveera Coop. Bank Ltd. Andheri East Branch >>The Mogaveera Coop. Bank Ltd. Andheri West Branch >>The Mogaveera Coop. Bank Ltd. Borivali Branch >>The Mogaveera Coop. Bank Ltd. Dombivali Branch >>The Mogaveera Coop. Bank Ltd. Fort Branch >>The Mogaveera Coop. Bank Ltd. Ghatkopar Branch >>The Mogaveera Coop. Bank Ltd. Goregaon Branch >>The Mogaveera Coop. Bank Ltd. Kandivali Branch >>The Mogaveera Coop. Bank Ltd. Kurla Branch >>The Mogaveera Coop. Bank Ltd. Sakinaka Branch >>The Mogaveera Coop. Bank Ltd. Vikhroli Branch >>The Naval Dockyard Coop Bank Ltd Ins Hamla Branch >>The Rajapur Sahakari Bank >>Vaishya Sahakari Bank Ltd. Mumbai >>Vidyavihar >>Vima Kamgar Cooperative Bank Ltd Santacruz >>Vima Kamgar Cooperative Bank Ltd Yogakshema >>Wadala
IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for 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. is the MICR code of IDBI for branch. MICR code for 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 is presented in the table alongside.
The MICR code is used in RBI cheque clearing process to identify the branch 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.