IDFC Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for IDFC Mumbai 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 Mumbai Juhu Branch
Contact 0
Bank Details IDFC Bank Ltd Mumbai Juhu Branch IDFB0040507
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400049
Country IN
Address L g, ground, 1st floor, sanidhya, plot no. B- 16, cts n. 848, 55- v. L mehta road, j. V. P. D scheme, juhu, vile parle (west), mumbai- 400049 tollfree no- 18602582000
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 Mumbai Juhu 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, Mumbai Juhu Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Mumbai Juhu Branch branch, makes the characters readable even if there are other marks and stamps on it.

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

Use of IDFC Bank MICR code for Mumbai Juhu Branch branch in mumbai

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