IDBI Hublidharwad Dharwad Karnataka MICR CODE

Find MICR Codes for IDBI Hublidharwad Dharwad Karnataka

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch The Sirsi Urban Sahakari Bank Limited
Contact 2351645
Bank Details Idbi Bank Ltd The Sirsi Urban Sahakari Bank Limited IBKL0069S16
Location Hublidharwad, Dharwad
City Hublidharwad
District Dharwad
State Karnataka
Pincode 580029
Country IN
Address Hdmc shopping complex,p b road,hubli -580 029
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 580804002 for The Sirsi Urban Sahakari Bank Limited 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 580804002 of IDBI Bank, The Sirsi Urban Sahakari Bank Limited branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for The Sirsi Urban Sahakari Bank Limited branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Idbi Bank Ltd are available with micr code -

>>Currency Chest Hubli >>The Sirsi Urban Sahakari Bank Limited

MICR code for IDBI The Sirsi Urban Sahakari Bank Limited

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 Sirsi Urban Sahakari Bank Limited 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. 580804002 is the MICR code of IDBI for The Sirsi Urban Sahakari Bank Limited branch. MICR code for The Sirsi Urban Sahakari Bank Limited 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 Sirsi Urban Sahakari Bank Limited is presented in the table alongside.

Use of IDBI Bank MICR code for The Sirsi Urban Sahakari Bank Limited branch in hublidharwad

The MICR code 580804002 is used in RBI cheque clearing process to identify the branch The Sirsi Urban Sahakari Bank Limited 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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