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IDBI Guwahati Kamrup Assam MICR CODE

Find MICR Codes for IDBI Guwahati Kamrup Assam

MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Guwahati (Pan Bazar)
Contact 0231-2680681/2/3
Bank Details Idbi Bank Ltd Guwahati (Pan Bazar) IBKL0000115
Location Guwahati, Kamrup
City Guwahati
District Kamrup
State Assam
Pincode 781001
Country IN
Address Shop no.3 to 7,royal heritage building,opp.to basant bahar theater,assembly road,
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 781259002 for Guwahati (Pan Bazar) 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 781259002 of IDBI Bank, Guwahati (Pan Bazar) branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Guwahati (Pan Bazar) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Guwahati (Pan Bazar)

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Guwahati (Pan Bazar) 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. 781259002 is the MICR code of IDBI for Guwahati (Pan Bazar) branch. MICR code for Guwahati (Pan Bazar) 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 Guwahati (Pan Bazar) is presented in the table alongside.

Use of IDBI Bank MICR code for Guwahati (Pan Bazar) branch in guwahati

The MICR code 781259002 is used in RBI cheque clearing process to identify the branch Guwahati (Pan Bazar) 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.