MICR Code Bank
Find MICR code for IDFC branches in India for NEFT and RTGS transfer

IDFC MICR CODE

Find MICR Codes for IDFC

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  1. IDFC Bank Ltd »
  2. Maharashtra »
  3. mumbai »
  4. mumbai »
  5. breach candy branch

Find MICR Codes for IDFC

MICR Code: 400751007
Bank: IDFC Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Breach Candy Branch
Contact: 9967260888
Bank Details: IDFC Bank Ltd Breach Candy Branch IDFB0040105
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400026
Country: IN
Address: Shop no. 1, tirupati apartments, bhulabhai desai road, mumbai, maharashtra, 400026

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

MICR code for IDFC

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

Use of IDFC Bank MICR code for branch in mumbai

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