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IDBI Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for IDBI Hyderabad Hyderabad Urban Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	500259003
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	Banjara Hills
Contact	040-3548762/79/83
Bank Details	Idbi Bank Ltd Banjara Hills IBKL0000028

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500034
Country	IN
Address	Plot no.9, j r house,road no.2, banjara hills,

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 500259003 for Banjara Hills 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 500259003 of IDBI Bank, Banjara Hills branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Banjara Hills branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Idbi Bank Ltd are available with micr code -

>>Banjara Hills >>Basheer Bagh >>Hyderabad Main Branch >>Kukatpally >>Sultan Bazaar

MICR code for IDBI Banjara Hills

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Banjara Hills 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. 500259003 is the MICR code of IDBI for Banjara Hills branch. MICR code for Banjara Hills 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 Banjara Hills is presented in the table alongside.

Use of IDBI Bank MICR code for Banjara Hills branch in hyderabad

The MICR code 500259003 is used in RBI cheque clearing process to identify the branch Banjara Hills 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.