IDBI Sahibganj Sahebganj Jharkhand MICR CODE

Find MICR Codes for IDBI Sahibganj Sahebganj Jharkhand

Bank
State
District
City
Branch
Address

MICR Code	816259102
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	Sahibganj
Contact	222127
Bank Details	Idbi Bank Ltd Sahibganj IBKL0002068

Location	Sahibganj, Sahebganj
City	Sahibganj
District	Sahebganj
State	Jharkhand
Pincode	816109
Country	IN
Address	Union bank building j.n roy road,mahajanpatti,sahibganj - 816109,jharkhand

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 816259102 for Sahibganj 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 816259102 of IDBI Bank, Sahibganj branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Sahibganj 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 -

>>Sahibganj

MICR code for IDBI Sahibganj

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Sahibganj 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. 816259102 is the MICR code of IDBI for Sahibganj branch. MICR code for Sahibganj 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 Sahibganj is presented in the table alongside.

Use of IDBI Bank MICR code for Sahibganj branch in sahibganj

The MICR code 816259102 is used in RBI cheque clearing process to identify the branch Sahibganj 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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