IDBI Bangalore Urban Bangalore Karnataka MICR CODE

Find MICR Codes for IDBI Bangalore Urban Bangalore Karnataka

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Whitefield Rac
Contact 80-7828024345
Bank Details Idbi Bank Ltd Whitefield Rac IBKL0008052
Location Bangalore Urban, Bangalore
City Bangalore Urban
District Bangalore
State Karnataka
Pincode 560066
Country IN
Address Retail asset centre, 2nd floor, whitefield, bengaluru, no 139/1c, whitefield main road, patandur agrahara, bengaluru, pincode 560066, karnataka
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 Whitefield Rac 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, Whitefield Rac branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Whitefield Rac branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Whitefield Rac

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

Use of IDBI Bank MICR code for Whitefield Rac branch in bangalore urban

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