IDFC Visakhapatnam Vizag Andhra Pradesh MICR CODE

Find MICR Codes for IDFC Visakhapatnam Vizag Andhra Pradesh

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MICR Code	-NA-
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	Vizag Mvp Colony Branch
Contact	0
Bank Details	IDFC Bank Ltd Vizag Mvp Colony Branch IDFB0080416

Location	Visakhapatnam, Vizag
City	Visakhapatnam
District	Vizag
State	Andhra Pradesh
Pincode	530017
Country	IN
Address	Ground floor, 1-83-4/1, plot no.90/1, ward no.8, new venkojipalem, hamlet of maddilapalem, vishakapatanam, andhra pradesh - 530017 toll free 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 Vizag Mvp Colony 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, Vizag Mvp Colony Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Vizag Mvp Colony 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 -

>>Vizag Mvp Colony Branch

MICR code for IDFC Vizag Mvp Colony 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 Vizag Mvp Colony 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 Vizag Mvp Colony Branch branch. MICR code for Vizag Mvp Colony 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 Vizag Mvp Colony Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Vizag Mvp Colony Branch branch in visakhapatnam

The MICR code 0 is used in RBI cheque clearing process to identify the branch Vizag Mvp Colony 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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