IDBI Kolkata Kolkata West Bengal MICR CODE

Find MICR Codes for IDBI Kolkata Kolkata West Bengal

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lake Town
Contact 33-9981610356
Bank Details Idbi Bank Ltd Lake Town IBKL0002438
Location Kolkata, Kolkata
City Kolkata
District Kolkata
State West Bengal
Pincode 700089
Country IN
Address Idbi bank ltd,ground floor,plot no.1598/1,block a,lake town,p.s.lake town,p.o lake town,kolkata - 700 089,west bengal
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 0 for Lake Town 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 0 of IDBI Bank, Lake Town branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Lake Town branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Lake Town

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Lake Town 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. 0 is the MICR code of IDBI for Lake Town branch. MICR code for Lake Town 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 Lake Town is presented in the table alongside.

Use of IDBI Bank MICR code for Lake Town branch in kolkata

The MICR code 0 is used in RBI cheque clearing process to identify the branch Lake Town 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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