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IDFC Karve Nagar Pune Maharashtra MICR CODE

Find MICR Codes for IDFC Karve Nagar Pune Maharashtra

Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Karve Nagar Branch
Contact 0
Bank Details IDFC Bank Ltd Karve Nagar Branch IDFB0041359
Location Karve Nagar, Pune
City Karve Nagar
District Pune
State Maharashtra
Pincode 411052
Country IN
Address Ground floor, solitaire apartment, s.no 35, hissa no.6, cts no.1194, hingane badruk, karve nagar, taluka, haveli pune 411052, toll free number 18004194332
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 411751010 for Karve Nagar 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 411751010 of IDFC Bank, Karve Nagar Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Karve Nagar 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 -

>>Karve Nagar Branch

MICR code for IDFC Karve Nagar 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 Karve Nagar 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. 411751010 is the MICR code of IDFC for Karve Nagar Branch branch. MICR code for Karve Nagar 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 Karve Nagar Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Karve Nagar Branch branch in karve nagar

The MICR code 411751010 is used in RBI cheque clearing process to identify the branch Karve Nagar 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.