IDBI Jaipur Jaipur Rajasthan MICR CODE

Find MICR Codes for IDBI Jaipur Jaipur Rajasthan

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raja Park
Contact Manish Pathak (9928020371)
Bank Details Idbi Bank Ltd Raja Park IBKL0000884
Location Jaipur, Jaipur
City Jaipur
District Jaipur
State Rajasthan
Pincode 302012
Country IN
Address Business avenue, b 12, 12a, baraf khana, govind marg, jaipur- 302012
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 302259008 for Raja Park 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 302259008 of IDBI Bank, Raja Park branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Raja Park branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Raja Park

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Raja Park 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. 302259008 is the MICR code of IDBI for Raja Park branch. MICR code for Raja Park 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 Raja Park is presented in the table alongside.

Use of IDBI Bank MICR code for Raja Park branch in jaipur

The MICR code 302259008 is used in RBI cheque clearing process to identify the branch Raja Park 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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