IDFC Mumbai Suburban Mumbai Maharashtra MICR CODE

Find MICR Codes for IDFC Mumbai Suburban Mumbai Maharashtra

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MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jvpd Branch
Contact
Bank Details IDFC Bank Ltd Jvpd Branch IDFB0040137
Location Mumbai Suburban, Mumbai
City Mumbai Suburban
District Mumbai
State Maharashtra
Pincode 400058
Country IN
Address Plot no. 12, ground floor, rain basera, gulmohar main road no 1,near sujay hospital, jvpd scheme, mumbai 400058, toll free number - 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 Jvpd 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, Jvpd Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Jvpd Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDFC Jvpd 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 Jvpd 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 Jvpd Branch branch. MICR code for Jvpd 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 Jvpd Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Jvpd Branch branch in mumbai suburban

The MICR code 0 is used in RBI cheque clearing process to identify the branch Jvpd 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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