IDFC Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for IDFC Amritsar Amritsar Punjab

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MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Amritsarhall Bazar Branch
Contact
Bank Details IDFC Bank Ltd Amritsarhall Bazar Branch IDFB0021024
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 143001
Country IN
Address Ground floor, shop no. 75-c, hall bazar, shri amritsar-143001, toll free no.- 18004194332
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 Amritsarhall Bazar 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 0 of IDFC Bank, Amritsarhall Bazar Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Amritsarhall Bazar Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of IDFC Bank Ltd are available with micr code -

>>Amritsar Branch >>Amritsar Ranjit Avenue Branch >>Amritsarhall Bazar Branch

MICR code for IDFC Amritsarhall Bazar Branch

IDFC MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDFC Bank MICR code for Amritsarhall Bazar 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. 0 is the MICR code of IDFC for Amritsarhall Bazar Branch branch. MICR code for Amritsarhall Bazar 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 IDFC Bank Amritsarhall Bazar Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Amritsarhall Bazar Branch branch in amritsar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Amritsarhall Bazar Branch and IDFC 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 IDFC is typically in either of these two font’s: E-138 and CMC-7.

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