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IDFC Balod Balod Chhattisgarh MICR CODE

Find MICR Codes for IDFC Balod Balod Chhattisgarh

Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Balod Branch
Bank Details IDFC Bank Ltd Balod Branch IDFB0060821
Location Balod, Balod
City Balod
District Balod
State Chhattisgarh
Pincode 491226
Country IN
Address Ground floor, khasra no. 760/12, 760/33, ph no-06, ward no-17, balod-491226, toll free no-1800419332
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.

Search IDFC MICR Codes in balod

You can search through MICR Codes of Chhattisgarh branches in balod of District balod in Chhattisgarh State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Balod Branch

How to find MICR codes for IDFC in balod?

IDFC balod MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From IDFC Bank MICR codes list for balod, one can further search by branch name specified in the table. You can find MICR codes for all IDFC balod branches.

IDFC Bank MICR code in balod

IDFC MICR code is a character recognition technology used by banks in the processing of cheques. IDFC Bank MICR code for balod branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for IDFC branches in balod, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does IDFC MICR code for balod branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a IDFC balod branch, sprinted 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. Thus MICR code for IDFC Bank balod branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of IDFC MICR codes for balod branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!