MICR Code Bank
Find MICR code for IDBI Andheri branches in India for NEFT and RTGS transfer

IDBI Andheri MICR CODE

Find MICR Codes for IDBI Andheri

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  1. Idbi Bank Ltd »
  2. Maharashtra »
  3. mumbai »
  4. mumbai »
  5. andheri (corporate banking branch)

Find MICR Codes for IDBI Andheri

MICR Code: 400259078
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

How does MICR code 400259009 for andheri 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 400259009 of IDBI Bank, andheri branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for andheri branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI andheri

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 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. 400259009 is the MICR code of IDBI for andheri branch. MICR code for andheri 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 is presented in the table alongside.

Use of IDBI Bank MICR code for andheri branch in mumbai

The MICR code 400259009 is used in RBI cheque clearing process to identify the branch andheri 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.