IDFC Palanpur Banas Kantha Gujarat MICR CODE

Find MICR Codes for IDFC Palanpur Banas Kantha Gujarat

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MICR Code	385751002
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	Palanpur Branch
Contact	0
Bank Details	IDFC Bank Ltd Palanpur Branch IDFB0040421

Location	Palanpur, Banas Kantha
City	Palanpur
District	Banas Kantha
State	Gujarat
Pincode	385001
Country	IN
Address	Ground floor, b d complex, hanuman tekri, near chaudhary cha factory, delhi highway, district banas kantha, palanpur 385001

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 385751002 for Palanpur 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 385751002 of IDFC Bank, Palanpur Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Palanpur 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 -

>>Palanpur Branch

MICR code for IDFC Palanpur 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 Palanpur 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. 385751002 is the MICR code of IDFC for Palanpur Branch branch. MICR code for Palanpur 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 Palanpur Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Palanpur Branch branch in palanpur

The MICR code 385751002 is used in RBI cheque clearing process to identify the branch Palanpur 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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