IDBI Guntakal Anantapur Andhra Pradesh MICR CODE

Find MICR Codes for IDBI Guntakal Anantapur Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	515259302
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	Guntakal
Contact	Srinivasa Rao Mylapalli - +919676706655
Bank Details	Idbi Bank Ltd Guntakal IBKL0001091

Location	Guntakal, Anantapur
City	Guntakal
District	Anantapur
State	Andhra Pradesh
Pincode	515801
Country	IN
Address	Idbi bank ltd, 10-43, beside suresh medicals, railway station road, guntakal - 515801

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 515259302 for Guntakal 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 515259302 of IDBI Bank, Guntakal branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Guntakal 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 -

>>Guntakal

MICR code for IDBI Guntakal

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Guntakal 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. 515259302 is the MICR code of IDBI for Guntakal branch. MICR code for Guntakal 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 Guntakal is presented in the table alongside.

Use of IDBI Bank MICR code for Guntakal branch in guntakal

The MICR code 515259302 is used in RBI cheque clearing process to identify the branch Guntakal 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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