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IDBI Bhilai Durg Chhattisgarh MICR CODE

Find MICR Codes for IDBI Bhilai Durg Chhattisgarh

Bank
State
District
City
Branch
Address

MICR Code	490259002
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	Bhilai
Contact	0788-292156-60
Bank Details	Idbi Bank Ltd Bhilai IBKL0000048

Location	Bhilai, Durg
City	Bhilai
District	Durg
State	Chhattisgarh
Pincode	490006
Country	IN
Address	New era,19,priadarshini parisarnehru nagar square, dist.durg

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 490259002 for Bhilai 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 490259002 of IDBI Bank, Bhilai branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Bhilai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Idbi Bank Ltd are available with micr code -

>>Bhilai

MICR code for IDBI Bhilai

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Bhilai 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. 490259002 is the MICR code of IDBI for Bhilai branch. MICR code for Bhilai 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 Bhilai is presented in the table alongside.

Use of IDBI Bank MICR code for Bhilai branch in bhilai

The MICR code 490259002 is used in RBI cheque clearing process to identify the branch Bhilai 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.