IDBI Gajuwaka Vishakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for IDBI Gajuwaka Vishakhapatnam Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	530259005
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	Gajuwaka
Contact	Smt Uma V (9848244419)
Bank Details	Idbi Bank Ltd Gajuwaka IBKL0001010

Location	Gajuwaka, Vishakhapatnam
City	Gajuwaka
District	Vishakhapatnam
State	Andhra Pradesh
Pincode	530026
Country	IN
Address	D.no:6-60-24, ground floor, jayasurya complex, sramik nagar, gajuwaka, visakhapatnam-530026

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 530259005 for Gajuwaka 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 530259005 of IDBI Bank, Gajuwaka branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Gajuwaka 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 -

>>Gajuwaka

MICR code for IDBI Gajuwaka

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Gajuwaka 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. 530259005 is the MICR code of IDBI for Gajuwaka branch. MICR code for Gajuwaka 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 Gajuwaka is presented in the table alongside.

Use of IDBI Bank MICR code for Gajuwaka branch in gajuwaka

The MICR code 530259005 is used in RBI cheque clearing process to identify the branch Gajuwaka 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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