IDFC Bagalkote Bagalkot Karnataka MICR CODE

Find MICR Codes for IDFC Bagalkote Bagalkot Karnataka

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MICR Code	587751105
Bank	IDFC Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bagalkot Branch
Contact	0
Bank Details	IDFC Bank Ltd Bagalkot Branch IDFB0080336

Location	Bagalkote, Bagalkot
City	Bagalkote
District	Bagalkot
State	Karnataka
Pincode	587101
Country	IN
Address	Ug34, ug35, ugs 17 & ugs 18, ground floor and first floor, t.p.no. 48/11, station road, melligeri towers, d block, railway station road, bagalkot, karnataka- 587101, 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 587751105 for Bagalkot 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 587751105 of IDFC Bank, Bagalkot Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Bagalkot Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of IDFC Bank Ltd are available with micr code -

>>Bagalkot Branch

MICR code for IDFC Bagalkot 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 Bagalkot 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. 587751105 is the MICR code of IDFC for Bagalkot Branch branch. MICR code for Bagalkot 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 Bagalkot Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Bagalkot Branch branch in bagalkote

The MICR code 587751105 is used in RBI cheque clearing process to identify the branch Bagalkot 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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