IDFC Khargone Khargone Madhya Pradesh MICR CODE

Find MICR Codes for IDFC Khargone Khargone Madhya Pradesh

MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Idfc Bank Ltd
Contact 9826920325
Bank Details IDFC Bank Ltd Idfc Bank Ltd IDFB0041321
Location Khargone, Khargone
City Khargone
District Khargone
State Madhya Pradesh
Pincode 451221
Country IN
Address Khasra no 260/1/2, ground floor, navalpura maheshwar road, opp- laxmi narayan colony, village ladvi, tehsil maheshwar, distt khargone, madhya pradesh-451221
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 451751501 for Idfc Bank Ltd 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 451751501 of IDFC Bank, Idfc Bank Ltd branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Idfc Bank Ltd branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of IDFC Bank Ltd are available with micr code -

>>Idfc Bank Ltd >>Khargone

MICR code for IDFC Idfc Bank Ltd

IDFC MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDFC Bank MICR code for Idfc Bank Ltd 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. 451751501 is the MICR code of IDFC for Idfc Bank Ltd branch. MICR code for Idfc Bank Ltd 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 Idfc Bank Ltd is presented in the table alongside.

Use of IDFC Bank MICR code for Idfc Bank Ltd branch in khargone

The MICR code 451751501 is used in RBI cheque clearing process to identify the branch Idfc Bank Ltd 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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