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IDFC Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for IDFC Chennai Chennai Tamil Nadu

MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chennai R.K.Salai
Contact 66145000
Bank Details IDFC Bank Ltd Chennai R.K.Salai IDFB0080101
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600004
Country IN
Address Dbs westminister,108,r.k.salai,3rd floor,chennai 600 004
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 600751001 for Chennai R.K.Salai 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 600751001 of IDFC Bank, Chennai R.K.Salai branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Chennai R.K.Salai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDFC Chennai R.K.Salai

IDFC MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDFC Bank MICR code for Chennai R.K.Salai 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. 600751001 is the MICR code of IDFC for Chennai R.K.Salai branch. MICR code for Chennai R.K.Salai 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 Chennai R.K.Salai is presented in the table alongside.

Use of IDFC Bank MICR code for Chennai R.K.Salai branch in chennai

The MICR code 600751001 is used in RBI cheque clearing process to identify the branch Chennai R.K.Salai 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.