IDBI Wardha Wardha Maharashtra MICR CODE

Find MICR Codes for IDBI Wardha Wardha Maharashtra

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MICR Code	-NA-
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	Wardha
Contact	07152-242466
Bank Details	Idbi Bank Ltd Wardha IBKL0000509

Location	Wardha, Wardha
City	Wardha
District	Wardha
State	Maharashtra
Pincode	442001
Country	IN
Address	Sahu building, anaj line, near swarajya bhandar, wardha,, pincode - 442001

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 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, Wardha branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Wardha branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of Idbi Bank Ltd are available with micr code -

>>Inzapur >>State Transport Bank Wardha >>Vidarbha Merchants U.C.B. Ltd Wardha >>Wardha >>Wardha Nagari Sahakari Adhikosh Bank Gandhi Nagar >>Wardha Nagari Sahakari Adhikosh Bank Head Office >>Wardha Nagari Sahakari Adhikosh Bank Kumarappa >>Wardha Nagari Sahakari Adhikosh Bank Shivaji Chowk >>Wardha Nagari Sahakari Adhikosh Bank Wardha

MICR code for IDBI 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 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 Wardha branch. MICR code for 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 Wardha is presented in the table alongside.

Use of IDBI Bank MICR code for Wardha branch in wardha

The MICR code 0 is used in RBI cheque clearing process to identify the branch 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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