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IDFC Ludhiana Doraha Punjab MICR CODE

Find MICR Codes for IDFC Ludhiana Doraha Punjab

Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Doraha Branch
Contact 0
Bank Details IDFC Bank Ltd Doraha Branch IDFB0021184
Location Ludhiana, Doraha
City Ludhiana
District Doraha
State Punjab
Pincode 141421
Country IN
Address Ground and 1st floor, shop no.302, ward no.3, doraha, abaddi, railway road, teh-payal, dist ludhiana, punjab-141421 / tollfree no.-18602582000
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 0 for Doraha 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 0 of IDFC Bank, Doraha Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Doraha Branch branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Doraha Branch

MICR code for IDFC Doraha 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 Doraha 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. 0 is the MICR code of IDFC for Doraha Branch branch. MICR code for Doraha 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 Doraha Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Doraha Branch branch in ludhiana

The MICR code 0 is used in RBI cheque clearing process to identify the branch Doraha 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.