IDFC Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for IDFC Mumbai Mumbai Maharashtra

MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Fort Branch
Contact 8879077876
Bank Details IDFC Bank Ltd Fort Branch IDFB0040106
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400061
Country IN
Address 312, d n road, fort, mumbai, maharashtra, 400001
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 400751006 for Fort 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 400751006 of IDFC Bank, Fort Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Fort Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDFC Fort 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 Fort 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. 400751006 is the MICR code of IDFC for Fort Branch branch. MICR code for Fort 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 Fort Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Fort Branch branch in mumbai

The MICR code 400751006 is used in RBI cheque clearing process to identify the branch Fort 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.

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