IDBI Tirupur Coimbatore Tamil Nadu MICR CODE

Find MICR Codes for IDBI Tirupur Coimbatore 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 Semmipalayam
Contact 9894210095 & 9787128333
Bank Details Idbi Bank Ltd Semmipalayam IBKL0001195
Location Tirupur, Coimbatore
City Tirupur
District Coimbatore
State Tamil Nadu
Pincode 641662
Country IN
Address 3/528 d, k n puram, sap nagar, semmipalayam, palladam tk,tiruppur dt - 641662
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 641259104 for Semmipalayam 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 641259104 of IDBI Bank, Semmipalayam branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Semmipalayam branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Idbi Bank Ltd are available with micr code -

>>Palladam Road >>Semmipalayam >>Sevur

MICR code for IDBI Semmipalayam

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Semmipalayam 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. 641259104 is the MICR code of IDBI for Semmipalayam branch. MICR code for Semmipalayam 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 Semmipalayam is presented in the table alongside.

Use of IDBI Bank MICR code for Semmipalayam branch in tirupur

The MICR code 641259104 is used in RBI cheque clearing process to identify the branch Semmipalayam 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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