IDBI Kolkata Kolkata West Bengal MICR CODE

Find MICR Codes for IDBI Kolkata Kolkata West Bengal

MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Prince Anwar Shah Road
Contact 9088203002
Bank Details Idbi Bank Ltd Prince Anwar Shah Road IBKL0001676
Location Kolkata, Kolkata
City Kolkata
District Kolkata
State West Bengal
Pincode 700033
Country IN
Address Multicon estelle,1st floor 50a prince anwar shah road kolkata 700033
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 700259041 for Prince Anwar Shah Road 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 700259041 of IDBI Bank, Prince Anwar Shah Road branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Prince Anwar Shah Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Prince Anwar Shah Road

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Prince Anwar Shah Road 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. 700259041 is the MICR code of IDBI for Prince Anwar Shah Road branch. MICR code for Prince Anwar Shah Road 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 Prince Anwar Shah Road is presented in the table alongside.

Use of IDBI Bank MICR code for Prince Anwar Shah Road branch in kolkata

The MICR code 700259041 is used in RBI cheque clearing process to identify the branch Prince Anwar Shah Road 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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