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IDFC Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for IDFC Aurangabad Aurangabad Maharashtra

Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Aurangabad Branch
Contact 0
Bank Details IDFC Bank Ltd Aurangabad Branch IDFB0043491
Location Aurangabad, Aurangabad
City Aurangabad
District Aurangabad
State Maharashtra
Pincode 431001
Country IN
Address Ground floor, shop no.1 and shop no.2, cts no. 15187/a/14, gajanan maharaj mandir rd, gharkheda, aurangabad, maharashtra 431001. Tpllfree no - 18004194332
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 Aurangabad 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, Aurangabad Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Aurangabad 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 -

>>Aurangabad Branch

MICR code for IDFC Aurangabad 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 Aurangabad 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 Aurangabad Branch branch. MICR code for Aurangabad 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 Aurangabad Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Aurangabad Branch branch in aurangabad

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