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IDFC Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for IDFC Chandigarh Chandigarh Chandigarh

Bank
State
District
City
Branch
Address

MICR Code	160751002
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	Chandigarh Branch
Contact	9821196264
Bank Details	IDFC Bank Ltd Chandigarh Branch IDFB0021211

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160035
Country	IN
Address	Sco no. 169-170, ground floor, sector 8 c, madhya marg, chandigarh 160008

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 160751002 for Chandigarh 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 160751002 of IDFC Bank, Chandigarh Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Chandigarh Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of IDFC Bank Ltd are available with micr code -

>>Chandigarh Branch >>Chandigarh Sector Nine D Branch >>Chandigarh Sector Thirty Five C Branch >>Chandigarh Sector Thirty Two Branch >>Chandigarh Sector Twenty Two B Branch >>Manimajra Branch

MICR code for IDFC Chandigarh 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 Chandigarh 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. 160751002 is the MICR code of IDFC for Chandigarh Branch branch. MICR code for Chandigarh 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 Chandigarh Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Chandigarh Branch branch in chandigarh

The MICR code 160751002 is used in RBI cheque clearing process to identify the branch Chandigarh 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.