IDBI Tenali Guntur Andhra Pradesh MICR CODE

Find MICR Codes for IDBI Tenali Guntur Andhra Pradesh

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MICR Code	520259202
Bank	Idbi Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Tenali
Contact	Sheshi.P - 9866313883
Bank Details	Idbi Bank Ltd Tenali IBKL0000335

Location	Tenali, Guntur
City	Tenali
District	Guntur
State	Andhra Pradesh
Pincode	522201
Country	IN
Address	22-7-12, sri krishna kedar nilayam, motupallivari street, kothapet, tenali 522201

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 520259202 for Tenali 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 520259202 of IDBI Bank, Tenali branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Tenali 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 -

>>Tenali

MICR code for IDBI Tenali

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Tenali 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. 520259202 is the MICR code of IDBI for Tenali branch. MICR code for Tenali 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 Tenali is presented in the table alongside.

Use of IDBI Bank MICR code for Tenali branch in tenali

The MICR code 520259202 is used in RBI cheque clearing process to identify the branch Tenali 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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