IDBI Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for IDBI Chennai Chennai Tamil Nadu

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State
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MICR Code	-NA-
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	Maduravoyal
Contact	91-8189912233
Bank Details	Idbi Bank Ltd Maduravoyal IBKL0002448

Location	Chennai, Chennai
City	Chennai
District	Chennai
State	Tamil Nadu
Pincode	600095
Country	IN
Address	Idbi bank ltd,ground floor, plot no 119 varalakshmi nagar, maduravoyal.

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

A total of 35 branches of Idbi Bank Ltd are available with micr code -

>>Alwarpet >>Anna Nagar >>Arumbakkam >>Ashok Nagar Chennai >>Chengalpet >>Chennai Main Branch >>Currency Chest Chennai >>Gopalapuram >>Greams Road >>K K Nagar >>Kilpauk >>Kundrathur >>Little Mount >>Madipakkam >>Maduravoyal >>Mogappair >>Mudichur Branch >>N M Road >>Nanganallur >>Neelankarai >>Ota Extn Counter >>Periyar Nagar >>Purasaiwalkam >>Rac Ashok Nagar >>Retails Assets Center Chennai >>Rpu Chennai >>Rpu South >>Skpas College Extn Counter >>Spoke Rao Nungambakkam Chennai >>T . Nagar >>Tambaram >>Thiruvanmiyur >>Vadapalani >>Velachery >>Washermanpet

MICR code for IDBI Maduravoyal

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

Use of IDBI Bank MICR code for Maduravoyal branch in chennai

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