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IDBI Razole East Godavari Andhra Pradesh MICR CODE

Find MICR Codes for IDBI Razole East Godavari Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	533259303
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	Razole
Contact	9703510315
Bank Details	Idbi Bank Ltd Razole IBKL0001793

Location	Razole, East Godavari
City	Razole
District	East Godavari
State	Andhra Pradesh
Pincode	533242
Country	IN
Address	Old post office building,main road,razole,east godavari dist,ap-533242

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 533259303 for Razole 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 533259303 of IDBI Bank, Razole branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Razole 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 -

>>Razole

MICR code for IDBI Razole

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Razole 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. 533259303 is the MICR code of IDBI for Razole branch. MICR code for Razole 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 Razole is presented in the table alongside.

Use of IDBI Bank MICR code for Razole branch in razole

The MICR code 533259303 is used in RBI cheque clearing process to identify the branch Razole 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.