IDFC Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for IDFC Hyderabad Hyderabad Telangana

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MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hi Tech City Branch
Contact
Bank Details IDFC Bank Ltd Hi Tech City Branch IDFB0080222
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Telangana
Pincode 500081
Country IN
Address Ground floor, plot no. 13/1, 13&11, sy. No. 64,sector -ii,huda techno enclave, madhapur village, serilingampally-500081, 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 Hi Tech City 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, Hi Tech City Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Hi Tech City Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDFC Hi Tech City 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 Hi Tech City 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 Hi Tech City Branch branch. MICR code for Hi Tech City 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 Hi Tech City Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Hi Tech City Branch branch in hyderabad

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