IDBI Raigarh Raigarh Chhattisgarh MICR CODE

Find MICR Codes for IDBI Raigarh Raigarh Chhattisgarh

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MICR Code	496259001
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	Raigarh
Contact	Mr. Sugat Kumar Pattnayak Mob. No. 9893694127
Bank Details	Idbi Bank Ltd Raigarh IBKL0000429

Location	Raigarh, Raigarh
City	Raigarh
District	Raigarh
State	Chhattisgarh
Pincode	492001
Country	IN
Address	Opp. Carmel school, o.p. Jindal road, jagatpur raigarh (chhattisgarh)

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 496259001 for Raigarh 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 496259001 of IDBI Bank, Raigarh branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Raigarh 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 -

>>Raigarh

MICR code for IDBI Raigarh

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Raigarh 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. 496259001 is the MICR code of IDBI for Raigarh branch. MICR code for Raigarh 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 Raigarh is presented in the table alongside.

Use of IDBI Bank MICR code for Raigarh branch in raigarh

The MICR code 496259001 is used in RBI cheque clearing process to identify the branch Raigarh 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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