IDBI Sangrur Malerkotla Punjab MICR CODE

Find MICR Codes for IDBI Sangrur Malerkotla Punjab

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Malerkotla
Contact 250302
Bank Details Idbi Bank Ltd Malerkotla IBKL0001855
Location Sangrur, Malerkotla
City Sangrur
District Malerkotla
State Punjab
Pincode 148023
Country IN
Address Adj venus motors,the mall,thandi sadak,malerkotla
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.

Search IDBI MICR Codes in malerkotla

You can search through MICR Codes of Punjab branches in sangrur of District malerkotla in Punjab State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Idbi Bank Ltd are available with micr code -

>>Malerkotla

How to find MICR codes for IDBI in sangrur?

IDBI sangrur MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From IDBI Bank MICR codes list for sangrur, one can further search by branch name specified in the table. You can find MICR codes for all IDBI sangrur branches.

IDBI Bank MICR code in sangrur

IDBI MICR code is a character recognition technology used by banks in the processing of cheques. IDBI Bank MICR code for sangrur branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for IDBI branches in sangrur, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does IDBI MICR code for sangrur branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a IDBI sangrur branch, sprinted 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. Thus MICR code for IDBI Bank sangrur branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of IDBI MICR codes for sangrur branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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