IDBI Wardha Wardha Maharashtra MICR CODE

Find MICR Codes for IDBI Wardha Wardha Maharashtra

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vidarbha Merchants U.C.B. Ltd Wardha
Contact 251151
Bank Details Idbi Bank Ltd Vidarbha Merchants U.C.B. Ltd Wardha IBKL00410V2
Location Wardha, Wardha
City Wardha
District Wardha
State Maharashtra
Pincode 442001
Country IN
Address Saraf chambers,malgujaripura,wardha
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 0 for Vidarbha Merchants U.C.B. Ltd Wardha 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 0 of IDBI Bank, Vidarbha Merchants U.C.B. Ltd Wardha branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Vidarbha Merchants U.C.B. Ltd Wardha branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Vidarbha Merchants U.C.B. Ltd Wardha

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Vidarbha Merchants U.C.B. Ltd Wardha 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. 0 is the MICR code of IDBI for Vidarbha Merchants U.C.B. Ltd Wardha branch. MICR code for Vidarbha Merchants U.C.B. Ltd Wardha 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 Vidarbha Merchants U.C.B. Ltd Wardha is presented in the table alongside.

Use of IDBI Bank MICR code for Vidarbha Merchants U.C.B. Ltd Wardha branch in wardha

The MICR code 0 is used in RBI cheque clearing process to identify the branch Vidarbha Merchants U.C.B. Ltd Wardha 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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