IDBI Bangalore Bangalore Urban Karnataka MICR CODE

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MICR Code	560197004
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	The Grain Merchants Co Operatve Bank Ltd
Contact	080-26677552 Fax: 080-26672928
Bank Details	Idbi Bank Ltd The Grain Merchants Co Operatve Bank Ltd IBKL0551GMC

Location	Bangalore, Bangalore Urban
City	Bangalore
District	Bangalore Urban
State	Karnataka
Pincode	560018
Country	IN
Address	N0.2 pampamahakavi road, chamarajpet, near minto eye hospital circle bangalore 560018

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.

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The Grain Merchants Co Operatve Bank Ltd (560197004)

How does MICR code 560197004 for The Grain Merchants Co Operatve Bank Ltd 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 560197004 of IDBI Bank, The Grain Merchants Co Operatve Bank Ltd branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for The Grain Merchants Co Operatve Bank Ltd branch, makes the characters readable even if there are other marks and stamps on it.

A total of 28 branches of Idbi Bank Ltd are available with micr code -

>>Banashankari >>Banaswadi >>Bangalore (Corporate Banking Branch) >>Bangalore Main Branch >>Basavanagudi Branch >>Bengaluru R.T. Nagar >>Btm Layout >>Ccu Bangalore >>Electronic City Branch >>Gandhi Nagar >>Indira Nagar >>Jayanagar >>Koramangala >>Malleswaram Bangalore >>Mission Road >>Nelamangala >>Rac Indiranagar >>Rac Kormangala >>Rac Malleswaram >>Rac Yelahanka >>Rajajinagar >>Rajarajeshwari Nagar >>Sarraki Lake >>Sri Guru Raghavendra Sahakara Bank Niyamitha Basavanagudi >>The Grain Merchants Co Operatve Bank Ltd >>The Sirsi Urban Sahakari Bank Limited >>The Sirsi Urban Sahakari Bank Limited >>Vijayanagar

MICR code for IDBI The Grain Merchants Co Operatve Bank Ltd

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for The Grain Merchants Co Operatve Bank Ltd 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. 560197004 is the MICR code of IDBI for The Grain Merchants Co Operatve Bank Ltd branch. MICR code for The Grain Merchants Co Operatve Bank Ltd 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 The Grain Merchants Co Operatve Bank Ltd is presented in the table alongside.

Use of IDBI Bank MICR code for The Grain Merchants Co Operatve Bank Ltd branch in bangalore

The MICR code 560197004 is used in RBI cheque clearing process to identify the branch The Grain Merchants Co Operatve Bank Ltd 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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