Let Others Know
×
LinkedIn
Email
WhatsApp

IDFC Mehgwan Mehgwan Madhya Pradesh MICR CODE

Find MICR Codes for IDFC Mehgwan Mehgwan Madhya Pradesh

MICR Code
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.

How does MICR code 461751506 for Mehgwan 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 461751506 of IDFC Bank, Mehgwan Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Mehgwan 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 -

>>Mehgwan Branch

MICR code for IDFC Mehgwan 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 Mehgwan 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. 461751506 is the MICR code of IDFC for Mehgwan Branch branch. MICR code for Mehgwan 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 Mehgwan Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Mehgwan Branch branch in mehgwan

The MICR code 461751506 is used in RBI cheque clearing process to identify the branch Mehgwan 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.