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 Tambaram
Contact Sunandha Kotha , 044-22266844
Bank Details Idbi Bank Ltd Tambaram IBKL0000370
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600045
Country IN
Address No.4, duraiswamy reddy street, west tambaram, chennai 600045
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 600259017 for Tambaram 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 600259017 of IDBI Bank, Tambaram branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Tambaram branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Tambaram

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Tambaram 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. 600259017 is the MICR code of IDBI for Tambaram branch. MICR code for Tambaram 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 Tambaram is presented in the table alongside.

Use of IDBI Bank MICR code for Tambaram branch in chennai

The MICR code 600259017 is used in RBI cheque clearing process to identify the branch Tambaram 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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