IDBI Ambikapur Surguja Chhattisgarh MICR CODE

Find MICR Codes for IDBI Ambikapur Surguja Chhattisgarh

Bank
State
District
City
Branch
Address

MICR Code	497259001
Bank	Idbi Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ambikapur
Contact	Mr. Mohit M. Sinha 9926146402
Bank Details	Idbi Bank Ltd Ambikapur IBKL0000700

Location	Ambikapur, Surguja
City	Ambikapur
District	Surguja
State	Chhattisgarh
Pincode	497001
Country	IN
Address	Banaras chowk,ambikapur-497001

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 497259001 for Ambikapur 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 497259001 of IDBI Bank, Ambikapur branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Ambikapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Idbi Bank Ltd are available with micr code -

>>Ambikapur >>Khadgawan Kalan

MICR code for IDBI Ambikapur

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Ambikapur 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. 497259001 is the MICR code of IDBI for Ambikapur branch. MICR code for Ambikapur 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 Ambikapur is presented in the table alongside.

Use of IDBI Bank MICR code for Ambikapur branch in ambikapur

The MICR code 497259001 is used in RBI cheque clearing process to identify the branch Ambikapur 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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