IDFC Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for IDFC Indore Indore Madhya Pradesh

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MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Indore Bijalpur Branch
Contact 9425489253
Bank Details IDFC Bank Ltd Indore Bijalpur Branch IDFB0041262
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452012
Country IN
Address Ground floor, h. No. 969,village bijalpur, tehshil and district indore, madhya pradesh - 452012
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 452751003 for Indore Bijalpur 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 452751003 of IDFC Bank, Indore Bijalpur Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Indore Bijalpur Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDFC Indore Bijalpur 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 Indore Bijalpur 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. 452751003 is the MICR code of IDFC for Indore Bijalpur Branch branch. MICR code for Indore Bijalpur 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 Indore Bijalpur Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Indore Bijalpur Branch branch in indore

The MICR code 452751003 is used in RBI cheque clearing process to identify the branch Indore Bijalpur 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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