|
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 of IDBI Bank, parel branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for parel branch, makes the characters readable even if there are other marks and stamps on it.
>>Andheri >>Andheri >>Andheri (Corporate Banking Branch) >>Andheri (West) >>Asset Recovery Br. Mumbai >>Bandra >>Belapur >>Borivali >>Borivali >>Central Accounting Cell Head Office >>Chembur >>Chembur >>Cms >>Dadar 14 >>Dadar 28 >>Dahisar >>Deonar >>Drd >>Fort >>Ghatkopar >>Girgaon >>Goregaon Mumbai >>Goregaon W >>Head Office Santacruz >>Idbi Extn Counter >>Itb (Ubsbu) >>Jaslok Extn Counter >>Jvpd Juhu >>Kalbadevi >>Kalina Santacruz >>Kandivali >>Kandivali (West ) >>Khar >>Lic P And Gs >>Lower Parel >>Lower Parel (West) Mumbai >>Mahim >>Main Branch Mumbai >>Malad >>Malad >>Marol Mumbai >>Matunga >>Mulund E >>Mulund W >>Nana Chowk >>Nariman Point >>Nariman Point >>Near Mulund Railway Station Mulund(West) Mumbai >>Nec Sahar >>Niptc Sahar >>Ntb Santacruz >>Old Airport Santacruz >>Overseas Mumbai >>Parel (Lalbaug) >>Powai >>Prabhadevi >>Prabhadevi >>Retail Assets >>Rtgs Cell >>Rtgs Ho >>Ruia College Extn >>Service Mumbai >>Sion (West) >>The Deccan Merchants Co Operative Bank Ltd. >>The Naval Dockyard Co Operative Bank Ltd Fort >>The Naval Dockyard Co Operative Bank Ltd Ghatkopar >>The Naval Dockyard Co Operative Bank Ltd Nt Pool >>The Naval Dockyard Co Operative Bank Ltd Powai >>The Naval Dockyard Co Operative Bank Ltd Trombay >>Truner Road Bandra (W) Mumbai >>Vadgadi Mumbai >>Vashi >>Versova >>Vile Parle >>Vile Parle (W) >>Warden Road >>World Trade Centre Complex Cufe Parade Mumbai
IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for parel 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. is the MICR code of IDBI for parel branch. MICR code for parel 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 parel is presented in the table alongside.
The MICR code is used in RBI cheque clearing process to identify the branch parel 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.