IDBI Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for IDBI Bangalore Bangalore Urban Karnataka

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MICR Code	560259010
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	Rajajinagar
Contact	K N Venugopal, 9739089444
Bank Details	Idbi Bank Ltd Rajajinagar IBKL0000418

Location	Bangalore, Bangalore Urban
City	Bangalore
District	Bangalore Urban
State	Karnataka
Pincode	560010
Country	IN
Address	82, dr.rajkumar , road,2nd block ,rajajinagar , bangalore 560010

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 560259010 for Rajajinagar 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 560259010 of IDBI Bank, Rajajinagar branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Rajajinagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 28 branches of Idbi Bank Ltd are available with micr code -

>>Banashankari >>Banaswadi >>Bangalore (Corporate Banking Branch) >>Bangalore Main Branch >>Basavanagudi Branch >>Bengaluru R.T. Nagar >>Btm Layout >>Ccu Bangalore >>Electronic City Branch >>Gandhi Nagar >>Indira Nagar >>Jayanagar >>Koramangala >>Malleswaram Bangalore >>Mission Road >>Nelamangala >>Rac Indiranagar >>Rac Kormangala >>Rac Malleswaram >>Rac Yelahanka >>Rajajinagar >>Rajarajeshwari Nagar >>Sarraki Lake >>Sri Guru Raghavendra Sahakara Bank Niyamitha Basavanagudi >>The Grain Merchants Co Operatve Bank Ltd >>The Sirsi Urban Sahakari Bank Limited >>The Sirsi Urban Sahakari Bank Limited >>Vijayanagar

MICR code for IDBI Rajajinagar

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Rajajinagar 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. 560259010 is the MICR code of IDBI for Rajajinagar branch. MICR code for Rajajinagar 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 Rajajinagar is presented in the table alongside.

Use of IDBI Bank MICR code for Rajajinagar branch in bangalore

The MICR code 560259010 is used in RBI cheque clearing process to identify the branch Rajajinagar 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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