IDBI Patna Patna Bihar MICR CODE

Find MICR Codes for IDBI Patna Patna Bihar

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gola Road Branch
Contact 612-6123520179
Bank Details Idbi Bank Ltd Gola Road Branch IBKL0002456
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 801503
Country IN
Address Triveni complex,khata no-210,plot no 1615,gola road,patna-801503
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 0 for Gola Road Branch 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 0 of IDBI Bank, Gola Road Branch branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Gola Road Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Gola Road Branch

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Gola Road Branch 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. 0 is the MICR code of IDBI for Gola Road Branch branch. MICR code for Gola Road Branch 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 Gola Road Branch is presented in the table alongside.

Use of IDBI Bank MICR code for Gola Road Branch branch in patna

The MICR code 0 is used in RBI cheque clearing process to identify the branch Gola Road Branch 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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