IDBI Chatra Chatra Jharkhand MICR CODE

Find MICR Codes for IDBI Chatra Chatra Jharkhand

MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chatra
Contact 09708036039, 825259202
Bank Details Idbi Bank Ltd Chatra IBKL0001522
Location Chatra, Chatra
City Chatra
District Chatra
State Jharkhand
Pincode 825401
Country IN
Address Idbi bank ltd., 1st floor, new complex (rana market), chatra, jharkhand-825401.
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 825259202 for Chatra 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 825259202 of IDBI Bank, Chatra branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Chatra 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 -

>>Chatra

MICR code for IDBI Chatra

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Chatra 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. 825259202 is the MICR code of IDBI for Chatra branch. MICR code for Chatra 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 Chatra is presented in the table alongside.

Use of IDBI Bank MICR code for Chatra branch in chatra

The MICR code 825259202 is used in RBI cheque clearing process to identify the branch Chatra 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.

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