IDBI Sriniketan Birbhum West Bengal MICR CODE

Find MICR Codes for IDBI Sriniketan Birbhum West Bengal

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sriniketan
Contact Shantanu Kundu,9830420111
Bank Details Idbi Bank Ltd Sriniketan IBKL0000878
Location Sriniketan, Birbhum
City Sriniketan
District Birbhum
State West Bengal
Pincode 731236
Country IN
Address Idbi bank ltd, sriniketan branch , sriniketan bazaar, p.o-sriniketan, dist-birbhum, west bengal, pin-731236
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 731259002 for Sriniketan 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 731259002 of IDBI Bank, Sriniketan branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Sriniketan branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Sriniketan

MICR code for IDBI Sriniketan

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Sriniketan 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. 731259002 is the MICR code of IDBI for Sriniketan branch. MICR code for Sriniketan 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 Sriniketan is presented in the table alongside.

Use of IDBI Bank MICR code for Sriniketan branch in sriniketan

The MICR code 731259002 is used in RBI cheque clearing process to identify the branch Sriniketan 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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