IDFC Beed Ambajogai Maharashtra MICR CODE

Find MICR Codes for IDFC Beed Ambajogai Maharashtra

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MICR Code	-NA-
Bank	IDFC Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ambajogai Branch
Contact	-
Bank Details	IDFC Bank Ltd Ambajogai Branch IDFB0043821

Location	Beed, Ambajogai
City	Beed
District	Ambajogai
State	Maharashtra
Pincode	431517
Country	IN
Address	Ground floor, 9 - 1231/1, plot no 37, 38, 39, 40, parali road, santosh palace, ambedkar chowk, village ambajogai, taluka - ambajogai, maharashtra - 431517

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

A total of 1 branches of IDFC Bank Ltd are available with micr code -

>>Ambajogai Branch

MICR code for IDFC Ambajogai Branch

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

Use of IDFC Bank MICR code for Ambajogai Branch branch in beed

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ambajogai Branch and IDFC 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 IDFC is typically in either of these two font’s: E-138 and CMC-7.

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