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IDFC Bhilai Durg Chhattisgarh MICR CODE

Find MICR Codes for IDFC Bhilai Durg Chhattisgarh

MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhilai Branch
Contact
Bank Details IDFC Bank Ltd Bhilai Branch IDFB0060562
Location Bhilai, Durg
City Bhilai
District Durg
State Chhattisgarh
Pincode 490020
Country IN
Address Ground floor, shop no. 82-83,commercial complex,nehru nagar (east),bhilai, chhattisgarh - 490020,toll free 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.

Search IDFC MICR Codes in durg

You can search through MICR Codes of Chhattisgarh branches in bhilai of District durg 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 -

>>Bhilai Branch

How to find MICR codes for IDFC in bhilai?

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

IDFC Bank MICR code in bhilai

IDFC MICR code is a character recognition technology used by banks in the processing of cheques. IDFC Bank MICR code for bhilai 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 bhilai, 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 bhilai 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 bhilai 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 bhilai branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of IDFC MICR codes for bhilai branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!