IDBI Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for IDBI Bhopal Bhopal Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	462259005
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	Kolar Road Bhopal
Contact	Atul Sharma-9926716005
Bank Details	Idbi Bank Ltd Kolar Road Bhopal IBKL0001098

Location	Bhopal, Bhopal
City	Bhopal
District	Bhopal
State	Madhya Pradesh
Pincode	462042
Country	IN
Address	Gurukripa tower,upper ground floor kolar

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 462259005 for Kolar Road Bhopal 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 462259005 of IDBI Bank, Kolar Road Bhopal branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Kolar Road Bhopal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of Idbi Bank Ltd are available with micr code -

>>Arera Colony Bhopal >>Bairagarh >>Bhopal >>Bhopal >>Bhopal Main Branch >>Indrapuri >>Kolar Road Bhopal >>M.P.Nagar Branch >>Retail Asset Bhopal

MICR code for IDBI Kolar Road Bhopal

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Kolar Road Bhopal 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. 462259005 is the MICR code of IDBI for Kolar Road Bhopal branch. MICR code for Kolar Road Bhopal 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 Kolar Road Bhopal is presented in the table alongside.

Use of IDBI Bank MICR code for Kolar Road Bhopal branch in bhopal

The MICR code 462259005 is used in RBI cheque clearing process to identify the branch Kolar Road Bhopal 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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