IDBI Agra Agra Uttar Pradesh MICR CODE

Find MICR Codes for IDBI Agra Agra Uttar Pradesh

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sikandra Agra
Contact 562-7217340468
Bank Details Idbi Bank Ltd Sikandra Agra IBKL0002301
Location Agra, Agra
City Agra
District Agra
State Uttar Pradesh
Pincode 282007
Country IN
Address Idbi bank ltd,plot no.15b,anthem opp chain group,karkung road,shastri puram awas vikas,sikandra,agra,agra pin 282007,uttar pradesh
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 0 for Sikandra Agra 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 0 of IDBI Bank, Sikandra Agra branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Sikandra Agra branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Sikandra Agra

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Sikandra Agra 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. 0 is the MICR code of IDBI for Sikandra Agra branch. MICR code for Sikandra Agra 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 Sikandra Agra is presented in the table alongside.

Use of IDBI Bank MICR code for Sikandra Agra branch in agra

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sikandra Agra 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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