IDBI Targaon Satara Maharashtra MICR CODE

Find MICR Codes for IDBI Targaon Satara Maharashtra

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Targaon
Contact 02163-234208
Bank Details Idbi Bank Ltd Targaon IBKL0000621
Location Targaon, Satara
City Targaon
District Satara
State Maharashtra
Pincode 415107
Country IN
Address Krishant kondiba nikam bldg.,targaontal koregaonsatara415107
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.

Search IDBI MICR Codes in satara

You can search through MICR Codes of Maharashtra branches in targaon of District satara in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Targaon

How to find MICR codes for IDBI in targaon?

IDBI targaon MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From IDBI Bank MICR codes list for targaon, one can further search by branch name specified in the table. You can find MICR codes for all IDBI targaon branches.

IDBI Bank MICR code in targaon

IDBI MICR code is a character recognition technology used by banks in the processing of cheques. IDBI Bank MICR code for targaon branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for IDBI branches in targaon, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does IDBI MICR code for targaon branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a IDBI targaon branch, sprinted 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. Thus MICR code for IDBI Bank targaon branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of IDBI MICR codes for targaon branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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