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IDFC Mehgwan Mehgwan Madhya Pradesh MICR CODE

Find MICR Codes for IDFC Mehgwan Mehgwan Madhya Pradesh

Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mehgwan Branch
Contact 7771808882
Bank Details IDFC Bank Ltd Mehgwan Branch IDFB0041113
Location Mehgwan, Mehgwan
City Mehgwan
District Mehgwan
State Madhya Pradesh
Pincode 461990
Country IN
Address Ground floor chandon road gram post mehgwan tehsil bankhedi distt. Hoshangabad madhya pradesh461990
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.

Search IDFC MICR Codes in mehgwan

You can search through MICR Codes of Madhya Pradesh branches in mehgwan of District mehgwan in Madhya Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Mehgwan Branch

How to find MICR codes for IDFC in mehgwan?

IDFC mehgwan MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From IDFC Bank MICR codes list for mehgwan, one can further search by branch name specified in the table. You can find MICR codes for all IDFC mehgwan branches.

IDFC Bank MICR code in mehgwan

IDFC MICR code is a character recognition technology used by banks in the processing of cheques. IDFC Bank MICR code for mehgwan branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for IDFC branches in mehgwan, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does IDFC MICR code for mehgwan branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a IDFC mehgwan branch, sprinted 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. Thus MICR code for IDFC Bank mehgwan branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of IDFC MICR codes for mehgwan branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!