IDBI Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for IDBI Mumbai Mumbai Maharashtra

MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Andheri (Corporate Banking Branch)
Contact Prasoon Sinha, 022-28261716
Bank Details Idbi Bank Ltd Andheri (Corporate Banking Branch) IBKL0000386
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400093
Country IN
Address Opus centre,plot no.47, opp.tunga paradise, central road, midc, andheri-east ,mumbai ,400 093
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 400259078 for Andheri (Corporate Banking 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 400259078 of IDBI Bank, Andheri (Corporate Banking Branch) branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Andheri (Corporate Banking Branch) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Andheri (Corporate Banking Branch)

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Andheri (Corporate Banking 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. 400259078 is the MICR code of IDBI for Andheri (Corporate Banking Branch) branch. MICR code for Andheri (Corporate Banking 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 IDBI Bank Andheri (Corporate Banking Branch) is presented in the table alongside.

Use of IDBI Bank MICR code for Andheri (Corporate Banking Branch) branch in mumbai

The MICR code 400259078 is used in RBI cheque clearing process to identify the branch Andheri (Corporate Banking Branch) 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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