IDBI Sahibganj Sahibganj Jharkhand MICR CODE

Find MICR Codes for IDBI Sahibganj Sahibganj Jharkhand

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jharkhand State Cooperative Bank Limited Sahibganj
Contact 9155123490
Bank Details Idbi Bank Ltd Jharkhand State Cooperative Bank Limited Sahibganj IBKL063JS03
Location Sahibganj, Sahibganj
City Sahibganj
District Sahibganj
State Jharkhand
Pincode 816108
Country IN
Address Near east railway fatak,sakrugarh,po dist - sahibganj pin - 816109
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 816735102 for Jharkhand State Cooperative Bank Limited Sahibganj 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 816735102 of IDBI Bank, Jharkhand State Cooperative Bank Limited Sahibganj branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Jharkhand State Cooperative Bank Limited Sahibganj branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Jharkhand State Cooperative Bank Limited Sahibganj

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Jharkhand State Cooperative Bank Limited Sahibganj 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. 816735102 is the MICR code of IDBI for Jharkhand State Cooperative Bank Limited Sahibganj branch. MICR code for Jharkhand State Cooperative Bank Limited Sahibganj 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 Jharkhand State Cooperative Bank Limited Sahibganj is presented in the table alongside.

Use of IDBI Bank MICR code for Jharkhand State Cooperative Bank Limited Sahibganj branch in sahibganj

The MICR code 816735102 is used in RBI cheque clearing process to identify the branch Jharkhand State Cooperative Bank Limited Sahibganj 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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