IDBI Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for IDBI Mumbai Mumbai Maharashtra

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MICR Code	400259033
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	Vadgadi Mumbai
Contact	022-23439185
Bank Details	Idbi Bank Ltd Vadgadi Mumbai IBKL0000516

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400003
Country	IN
Address	Parshwa chambers,, 17/21, issaji street,, vadgadi,, pincode - 400003

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 400259033 for Vadgadi Mumbai 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 400259033 of IDBI Bank, Vadgadi Mumbai branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Vadgadi Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 77 branches of Idbi Bank Ltd are available with micr code -

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MICR code for IDBI Vadgadi Mumbai

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Vadgadi Mumbai 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. 400259033 is the MICR code of IDBI for Vadgadi Mumbai branch. MICR code for Vadgadi Mumbai 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 Vadgadi Mumbai is presented in the table alongside.

Use of IDBI Bank MICR code for Vadgadi Mumbai branch in mumbai

The MICR code 400259033 is used in RBI cheque clearing process to identify the branch Vadgadi Mumbai 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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