Let Others Know
×
LinkedIn
Email
WhatsApp

IDFC Mumbai Suburban Mumbai Maharashtra MICR CODE

Find MICR Codes for IDFC Mumbai Suburban Mumbai Maharashtra

MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai Borivali East Branch
Contact 0
Bank Details IDFC Bank Ltd Mumbai Borivali East Branch IDFB0040501
Location Mumbai Suburban, Mumbai
City Mumbai Suburban
District Mumbai
State Maharashtra
Pincode 400066
Country IN
Address Ground floor, shop no1&2, 66 palazzio, chogle wadi, carter road no.1, borivali(east), mumbai-400066, toll free no.- 18602582000.
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 0 for Mumbai Borivali East 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 0 of IDFC Bank, Mumbai Borivali East Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Mumbai Borivali East Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDFC Mumbai Borivali East 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 Mumbai Borivali East 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. 0 is the MICR code of IDFC for Mumbai Borivali East Branch branch. MICR code for Mumbai Borivali East 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 Mumbai Borivali East Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Mumbai Borivali East Branch branch in mumbai suburban

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mumbai Borivali East 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.