IDBI Merrut Meerut Uttar Pradesh MICR CODE

Find MICR Codes for IDBI Merrut Meerut Uttar Pradesh

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rto Road Meerut
Contact 0121 - 4028791, 2761409, 2761423
Bank Details Idbi Bank Ltd Rto Road Meerut IBKL0000278
Location Merrut, Meerut
City Merrut
District Meerut
State Uttar Pradesh
Pincode 250002
Country IN
Address 126/7, rto road, near central market,shastri nagar, meerut – 250 002
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 250259003 for Rto Road Meerut 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 250259003 of IDBI Bank, Rto Road Meerut branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Rto Road Meerut 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 -

>>Rto Road Meerut

MICR code for IDBI Rto Road Meerut

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Rto Road Meerut 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. 250259003 is the MICR code of IDBI for Rto Road Meerut branch. MICR code for Rto Road Meerut 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 Rto Road Meerut is presented in the table alongside.

Use of IDBI Bank MICR code for Rto Road Meerut branch in merrut

The MICR code 250259003 is used in RBI cheque clearing process to identify the branch Rto Road Meerut 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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