IDBI Visakhapatnam Vishakapatnam Andhra Pradesh MICR CODE

Find MICR Codes for IDBI Visakhapatnam Vishakapatnam Andhra Pradesh

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MICR Code	530259003
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	Vishakhapatnam Main Branch
Contact	0891-2565067
Bank Details	Idbi Bank Ltd Vishakhapatnam Main Branch IBKL0000150

Location	Visakhapatnam, Vishakapatnam
City	Visakhapatnam
District	Vishakapatnam
State	Andhra Pradesh
Pincode	530020
Country	IN
Address	I,30-15-35, ground floor,dabagardens, near saraswathi park, visakhapatnam - 530020.

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 530259003 for Vishakhapatnam Main Branch 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 530259003 of IDBI Bank, Vishakhapatnam Main Branch branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Vishakhapatnam Main Branch 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 -

>>Visakhapatnam >>Vishakhapatnam Main Branch

MICR code for IDBI Vishakhapatnam Main Branch

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Vishakhapatnam Main Branch 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. 530259003 is the MICR code of IDBI for Vishakhapatnam Main Branch branch. MICR code for Vishakhapatnam Main Branch 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 Vishakhapatnam Main Branch is presented in the table alongside.

Use of IDBI Bank MICR code for Vishakhapatnam Main Branch branch in visakhapatnam

The MICR code 530259003 is used in RBI cheque clearing process to identify the branch Vishakhapatnam Main Branch 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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