IDBI Hoskote Bangalore Rural Karnataka MICR CODE

Find MICR Codes for IDBI Hoskote Bangalore Rural Karnataka

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MICR Code	560259026
Bank	Idbi Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Shivanapura
Contact	9620274154
Bank Details	Idbi Bank Ltd Shivanapura IBKL0001436

Location	Hoskote, Bangalore Rural
City	Hoskote
District	Bangalore Rural
State	Karnataka
Pincode	562162
Country	IN
Address	Nandgudi hobli, hosakote taluk

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 560259026 for Shivanapura 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 560259026 of IDBI Bank, Shivanapura branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Shivanapura 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 -

>>Shivanapura >>The Town Co Operative Bank Ltd Hoskote

MICR code for IDBI Shivanapura

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Shivanapura 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. 560259026 is the MICR code of IDBI for Shivanapura branch. MICR code for Shivanapura 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 Shivanapura is presented in the table alongside.

Use of IDBI Bank MICR code for Shivanapura branch in hoskote

The MICR code 560259026 is used in RBI cheque clearing process to identify the branch Shivanapura 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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