IDBI Ongole Prakasam Andhra Pradesh MICR CODE

Find MICR Codes for IDBI Ongole Prakasam Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	523259002
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	Ongole
Contact	R Vijaya Kumar-9985132423
Bank Details	Idbi Bank Ltd Ongole IBKL0000738

Location	Ongole, Prakasam
City	Ongole
District	Prakasam
State	Andhra Pradesh
Pincode	523001
Country	IN
Address	37-1-404, devi enclave, trunk road, opp lic building, ongole, prakasam dist, andhra pradesh 523001

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 523259002 for Ongole 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 523259002 of IDBI Bank, Ongole branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Ongole branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Idbi Bank Ltd are available with micr code -

>>Ongole

MICR code for IDBI Ongole

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Ongole 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. 523259002 is the MICR code of IDBI for Ongole branch. MICR code for Ongole 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 Ongole is presented in the table alongside.

Use of IDBI Bank MICR code for Ongole branch in ongole

The MICR code 523259002 is used in RBI cheque clearing process to identify the branch Ongole 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.

Copied!