IDBI Salem Salem Tamil Nadu MICR CODE

Find MICR Codes for IDBI Salem Salem Tamil Nadu

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Salem
Contact 0427-2411500/600
Bank Details Idbi Bank Ltd Salem IBKL0000211
Location Salem, Salem
City Salem
District Salem
State Tamil Nadu
Pincode 636007
Country IN
Address Idbi ltd.k t towers111 omalur main roadsalemsalemtamil nadu636007
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 636259002 for Salem 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 636259002 of IDBI Bank, Salem branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Salem branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Idbi Bank Ltd are available with micr code -

>>Ammapet >>Salem

MICR code for IDBI Salem

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Salem 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. 636259002 is the MICR code of IDBI for Salem branch. MICR code for Salem 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 Salem is presented in the table alongside.

Use of IDBI Bank MICR code for Salem branch in salem

The MICR code 636259002 is used in RBI cheque clearing process to identify the branch Salem 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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