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IDBI Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for IDBI Bangalore Bangalore Urban Karnataka

MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bengaluru R.T. Nagar
Contact Jyothi Mohan, 080-22744094, 080-64510709
Bank Details Idbi Bank Ltd Bengaluru R.T. Nagar IBKL0000363
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560032
Country IN
Address "pecific arcade", r.t. Nagar main road no 173, mla mayout, r.t. Nagar, bengaluru – 560 032
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 560259009 for Bengaluru R.T. Nagar 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 560259009 of IDBI Bank, Bengaluru R.T. Nagar branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Bengaluru R.T. Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Bengaluru R.T. Nagar

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Bengaluru R.T. Nagar 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. 560259009 is the MICR code of IDBI for Bengaluru R.T. Nagar branch. MICR code for Bengaluru R.T. Nagar 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 Bengaluru R.T. Nagar is presented in the table alongside.

Use of IDBI Bank MICR code for Bengaluru R.T. Nagar branch in bangalore

The MICR code 560259009 is used in RBI cheque clearing process to identify the branch Bengaluru R.T. Nagar 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.