IDBI Washim Washim Maharashtra MICR CODE

Find MICR Codes for IDBI Washim Washim Maharashtra

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Washim
Contact 8087020189
Bank Details Idbi Bank Ltd Washim IBKL0001666
Location Washim, Washim
City Washim
District Washim
State Maharashtra
Pincode 444505
Country IN
Address Lower ground floor,shop no 10& 11,paras plaza ii,risod road,washim 444505
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 444259202 for Washim 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 444259202 of IDBI Bank, Washim branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Washim 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 -

>>The Yavatmal Urban Co Op Bank Ltd >>Washim

MICR code for IDBI Washim

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Washim 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. 444259202 is the MICR code of IDBI for Washim branch. MICR code for Washim 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 Washim is presented in the table alongside.

Use of IDBI Bank MICR code for Washim branch in washim

The MICR code 444259202 is used in RBI cheque clearing process to identify the branch Washim 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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