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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 Ccu Bangalore
Contact D Bhavani Balakrishna 080-26579679/75/76/77/78 Mobile 9845221917
Bank Details Idbi Bank Ltd Ccu Bangalore IBKL0000981
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560004
Country IN
Address No.32 &32/1, "khaleel plaza", ii floor, r v road, basavanagudi, bangalore - 560 004
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 560259001 for Ccu Bangalore 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 560259001 of IDBI Bank, Ccu Bangalore branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Ccu Bangalore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Ccu Bangalore

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Ccu Bangalore 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. 560259001 is the MICR code of IDBI for Ccu Bangalore branch. MICR code for Ccu Bangalore 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 Ccu Bangalore is presented in the table alongside.

Use of IDBI Bank MICR code for Ccu Bangalore branch in bangalore

The MICR code 560259001 is used in RBI cheque clearing process to identify the branch Ccu Bangalore 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.