MICR Code Bank
Find MICR code for IDBI Raipur branches in India for NEFT and RTGS transfer

IDBI Raipur MICR CODE

Find MICR Codes for IDBI Raipur

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  1. Idbi Bank Ltd »
  2. Chhattisgarh »
  3. raipur »
  4. raipur »
  5. raipur (corporate banking branch)

Find MICR Codes for IDBI Raipur

MICR Code: 492259004
Bank: Idbi Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Raipur (Corporate Banking Branch)
Contact: Mr.Priya Ranjan,Agm-Bh,9713078780
Bank Details: Idbi Bank Ltd Raipur (Corporate Banking Branch) IBKL0000391
Location: Raipur, Raipur
City: Raipur
District: Raipur
State: Chhattisgarh
Pincode: 492004
Country: IN
Address: Idbi bank ltd ,specialised corporate branch ,ist floor , simran towers ,opposite lic building ,pandri , raipur ( chhattisgarh) ,pin-492004

How does MICR code 0 for raipur 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, raipur branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for raipur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI raipur

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

Use of IDBI Bank MICR code for raipur branch in raipur

The MICR code 0 is used in RBI cheque clearing process to identify the branch raipur 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.