IDFC Guntur Guntur Andhra Pradesh MICR CODE

Find MICR Codes for IDFC Guntur Guntur Andhra Pradesh

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MICR Code	520751102
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	Guntur Branch
Contact	0
Bank Details	IDFC Bank Ltd Guntur Branch IDFB0080381

Location	Guntur, Guntur
City	Guntur
District	Guntur
State	Andhra Pradesh
Pincode	522004
Country	IN
Address	First floor, bg arcade, nagaram palem main road, next to alankar function hall, guntur, andhra pradesh, 522004

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 520751102 for Guntur 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 520751102 of IDFC Bank, Guntur Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Guntur 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 -

>>Guntur Branch

MICR code for IDFC Guntur 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 Guntur 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. 520751102 is the MICR code of IDFC for Guntur Branch branch. MICR code for Guntur 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 Guntur Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Guntur Branch branch in guntur

The MICR code 520751102 is used in RBI cheque clearing process to identify the branch Guntur 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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