IDBI Rewari Rewari Haryana MICR CODE

Find MICR Codes for IDBI Rewari Rewari Haryana

MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rewari
Contact Karan Ramani 01274654308; Ajit Kumar Yadav 01274654305
Bank Details Idbi Bank Ltd Rewari IBKL0001105
Location Rewari, Rewari
City Rewari
District Rewari
State Haryana
Pincode 123401
Country IN
Address Sco 37-38,brass market ,rewari,haryana, pin 123401
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 Rewari 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, Rewari branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Rewari 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 -

>>Bithwana >>Rewari

MICR code for IDBI Rewari

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

Use of IDBI Bank MICR code for Rewari branch in rewari

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