IDBI Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for IDBI Indore Indore Madhya Pradesh

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State
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Address

MICR Code	-NA-
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	Rau
Contact	91-9981526980
Bank Details	Idbi Bank Ltd Rau IBKL0002278

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode
Country	IN
Address	G1/g2 rudraraj complex,indore mhow road,rau

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

A total of 21 branches of Idbi Bank Ltd are available with micr code -

>>Airport Road >>Badipura >>Ccu Indore >>Currency Chest >>Goyal Nagar Indore >>Idbi Bank Saket Nagar >>Indore >>Indore >>Indore (Corporate Banking Branch) >>Indore Main Branch >>Indore Samyak Park >>Jawahar Marg >>Murkheda >>Nagrik Sahakari Bank Ltd. >>Rau >>Retail Asset Indore >>Sanwer Branch >>Sapna Sangeeta >>Shramik Nagrik Sahakari Bank Ltd. >>Vyaparik Audhyogik Sahkari Bank Indore >>Vyaparik Audhyogik Sahkari Bank Indore

MICR code for IDBI Rau

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

Use of IDBI Bank MICR code for Rau branch in indore

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