IDBI Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for IDBI Chennai Chennai 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 T . Nagar
Contact 044-42605020/40
Bank Details Idbi Bank Ltd T . Nagar IBKL0000194
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600017
Country IN
Address 1st floor, devi arihant, 24/2,old no 16,dr nair roadt.nagarchennaichennaitamil nadu600 017
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 600259008 for T . Nagar 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 600259008 of IDBI Bank, T . Nagar branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for T . Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI T . Nagar

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for T . Nagar 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. 600259008 is the MICR code of IDBI for T . Nagar branch. MICR code for T . Nagar 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 T . Nagar is presented in the table alongside.

Use of IDBI Bank MICR code for T . Nagar branch in chennai

The MICR code 600259008 is used in RBI cheque clearing process to identify the branch T . Nagar 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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