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IDFC Muchandi Belgaum Karnataka MICR CODE

Find MICR Codes for IDFC Muchandi Belgaum Karnataka

MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Muchandi Branch
Contact 7338695797
Bank Details IDFC Bank Ltd Muchandi Branch IDFB0080255
Location Muchandi, Belgaum
City Muchandi
District Belgaum
State Karnataka
Pincode 590016
Country IN
Address Ground floor, 620, c/0 balaram fakira motari, bhagyalakshmi nivas, gokul nagar, gokak road, post muchandi, belgaum, 16 karnataka - 590016
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 belgaum

You can search through MICR Codes of Karnataka branches in muchandi of District belgaum in Karnataka 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 -

>>Muchandi Branch

How to find MICR codes for IDFC in muchandi?

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

IDFC Bank MICR code in muchandi

IDFC MICR code is a character recognition technology used by banks in the processing of cheques. IDFC Bank MICR code for muchandi 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 muchandi, 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 muchandi 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 muchandi 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 muchandi branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of IDFC MICR codes for muchandi branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!