Industrial Bank Of Korea New Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Industrial Bank Of Korea New Delhi New Delhi New Delhi

Bank
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MICR Code: 110744001
Bank: Industrial Bank of Korea
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: New Delhi Branch
Contact: 40768000
Bank Details: Industrial Bank of Korea New Delhi Branch IBKO0000001
Location: New Delhi, New Delhi
City: New Delhi
District: New Delhi
State: New Delhi
Pincode: 110037
Country: IN
Address: OFFICE NO 403 4TH FLOOR WORLDMARK2 ASSET8 HOSPITALITY DISTRICT AEROCITY NEW DELHI 110037
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.

Search Industrial Bank Of Korea MICR Codes in new delhi

You can search through MICR Codes of New Delhi branches in new delhi of District new delhi in New Delhi State by using the search box or you can browse through the table using the conrols at the bottom.

Industrial Bank of Korea branches with micr codes are available in 1 cities-

>>New Delhi

How to find MICR codes for Industrial Bank Of Korea in new delhi?

Industrial Bank Of Korea new delhi MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From IBK MICR codes list for new delhi, one can further search by branch name specified in the table. You can find MICR codes for all Industrial Bank Of Korea new delhi branches.

IBK MICR code in new delhi

Industrial Bank Of Korea MICR code is a character recognition technology used by banks in the processing of cheques. IBK MICR code for new delhi branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for IBK branches in new delhi, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does IBK MICR code for new delhi branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Industrial Bank Of Korea new delhi branch, sprinted 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. Thus MICR code for IBK new delhi branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of IBK MICR codes for new delhi branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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