IDBI Karnal Karnal Haryana MICR CODE

Find MICR Codes for IDBI Karnal Karnal Haryana

MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rac Karnal
Contact Pawan Kumar(9729983254)
Bank Details Idbi Bank Ltd Rac Karnal IBKL0000863
Location Karnal, Karnal
City Karnal
District Karnal
State Haryana
Pincode 132001
Country IN
Address Idbi bank (rac), sco 218-219, sector-12, karnal-132001 , hariyana
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 Rac Karnal 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, Rac Karnal branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Rac Karnal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Idbi Bank Ltd are available with micr code -

>>Karnal >>Rac Karnal

MICR code for IDBI Rac Karnal

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

Use of IDBI Bank MICR code for Rac Karnal branch in karnal

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