IDBI Alavaipatti Namakkal Tamil Nadu MICR CODE

Find MICR Codes for IDBI Alavaipatti Namakkal Tamil Nadu

MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Alavaipatti
Contact 04287-264510
Bank Details Idbi Bank Ltd Alavaipatti IBKL0001205
Location Alavaipatti, Namakkal
City Alavaipatti
District Namakkal
State Tamil Nadu
Pincode 637505
Country IN
Address 4/145, thatchankadu, near hp petrol bunk, alavaipatti post, rasipuram main road, rasipuram taluk, namakkal 637 505
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 636259005 for Alavaipatti 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 636259005 of IDBI Bank, Alavaipatti branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Alavaipatti branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Idbi Bank Ltd are available with micr code -

>>Alavaipatti

MICR code for IDBI Alavaipatti

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Alavaipatti 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. 636259005 is the MICR code of IDBI for Alavaipatti branch. MICR code for Alavaipatti 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 IDBI Bank Alavaipatti is presented in the table alongside.

Use of IDBI Bank MICR code for Alavaipatti branch in alavaipatti

The MICR code 636259005 is used in RBI cheque clearing process to identify the branch Alavaipatti and IDBI 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 IDBI is typically in either of these two font’s: E-138 and CMC-7.

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