IDBI Rajim Raipur Chhattisgarh MICR CODE

Find MICR Codes for IDBI Rajim Raipur Chhattisgarh

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rajim
Contact 9479106633
Bank Details Idbi Bank Ltd Rajim IBKL0001704
Location Rajim, Raipur
City Rajim
District Raipur
State Chhattisgarh
Pincode 493885
Country IN
Address Devbhog road shyamacharan shukla chowk
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 493259502 for Rajim 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 493259502 of IDBI Bank, Rajim branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Rajim 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 -

>>Rajim

MICR code for IDBI Rajim

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Rajim 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. 493259502 is the MICR code of IDBI for Rajim branch. MICR code for Rajim 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 Rajim is presented in the table alongside.

Use of IDBI Bank MICR code for Rajim branch in rajim

The MICR code 493259502 is used in RBI cheque clearing process to identify the branch Rajim 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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