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IDFC Kushtagi Koppal Karnataka MICR CODE

Find MICR Codes for IDFC Kushtagi Koppal Karnataka

Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kushtagi Branch
Contact 7338695797
Bank Details IDFC Bank Ltd Kushtagi Branch IDFB0080353
Location Kushtagi, Koppal
City Kushtagi
District Koppal
State Karnataka
Pincode 584121
Country IN
Address Ground floor, illahi complex, ma no.5953, plot no. 1 of sy 104 murudi bhimaja circle, koppal road, karnataka, 584121
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 583751403 for Kushtagi 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 583751403 of IDFC Bank, Kushtagi Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Kushtagi 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 -

>>Kushtagi Branch

MICR code for IDFC Kushtagi 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 Kushtagi 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. 583751403 is the MICR code of IDFC for Kushtagi Branch branch. MICR code for Kushtagi 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 Kushtagi Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Kushtagi Branch branch in kushtagi

The MICR code 583751403 is used in RBI cheque clearing process to identify the branch Kushtagi 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.