IDBI Jabalpur Jabalpur Madhya Pradesh MICR CODE

Find MICR Codes for IDBI Jabalpur Jabalpur Madhya Pradesh

MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jabalpur
Contact 0761-564752/3
Bank Details Idbi Bank Ltd Jabalpur IBKL0000052
Location Jabalpur, Jabalpur
City Jabalpur
District Jabalpur
State Madhya Pradesh
Pincode 482002
Country IN
Address Shukla bhawan,1415 wright town
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 482259001 for Jabalpur 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 482259001 of IDBI Bank, Jabalpur branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Jabalpur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Idbi Bank Ltd are available with micr code -

>>Adhartal >>Currency Chest Jabalpur >>Jabalpur >>Jabalpur Mahila Nagrik Shakari Bank >>Vijay Nagar Jabalpur

MICR code for IDBI Jabalpur

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Jabalpur 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. 482259001 is the MICR code of IDBI for Jabalpur branch. MICR code for Jabalpur 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 Jabalpur is presented in the table alongside.

Use of IDBI Bank MICR code for Jabalpur branch in jabalpur

The MICR code 482259001 is used in RBI cheque clearing process to identify the branch Jabalpur 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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