IDBI Visakhapatnam Vishakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for IDBI Visakhapatnam Vishakhapatnam Andhra Pradesh

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Seethammadhara
Contact Sai Gopal Patro Ch 8096066999
Bank Details Idbi Bank Ltd Seethammadhara IBKL0001018
Location Visakhapatnam, Vishakhapatnam
City Visakhapatnam
District Vishakhapatnam
State Andhra Pradesh
Pincode 530013
Country IN
Address D.no:50-40-16/1, bhupathi plaza , gurudwarada jn, seethammadhara, vishakapatnam-530013
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 530259004 for Seethammadhara 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 530259004 of IDBI Bank, Seethammadhara branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Seethammadhara branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Seethammadhara

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Seethammadhara 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. 530259004 is the MICR code of IDBI for Seethammadhara branch. MICR code for Seethammadhara 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 Seethammadhara is presented in the table alongside.

Use of IDBI Bank MICR code for Seethammadhara branch in visakhapatnam

The MICR code 530259004 is used in RBI cheque clearing process to identify the branch Seethammadhara 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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