IDBI Pandharpur Solapur Maharashtra MICR CODE

Find MICR Codes for IDBI Pandharpur Solapur Maharashtra

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch State Transport Bank Pandharpur
Contact 222096
Bank Details Idbi Bank Ltd State Transport Bank Pandharpur IBKL0617S02
Location Pandharpur, Solapur
City Pandharpur
District Solapur
State Maharashtra
Pincode 413304
Country IN
Address Near pandharpur s t bus stand,near police station,solapur413304
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 413390152 for State Transport Bank Pandharpur 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 413390152 of IDBI Bank, State Transport Bank Pandharpur branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for State Transport Bank Pandharpur 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 -

>>State Transport Bank Pandharpur

MICR code for IDBI State Transport Bank Pandharpur

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for State Transport Bank Pandharpur 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. 413390152 is the MICR code of IDBI for State Transport Bank Pandharpur branch. MICR code for State Transport Bank Pandharpur 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 State Transport Bank Pandharpur is presented in the table alongside.

Use of IDBI Bank MICR code for State Transport Bank Pandharpur branch in pandharpur

The MICR code 413390152 is used in RBI cheque clearing process to identify the branch State Transport Bank Pandharpur 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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