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IDFC Nagda Ujjain Madhya Pradesh MICR CODE

Find MICR Codes for IDFC Nagda Ujjain Madhya Pradesh

MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nagda Branch
Contact
Bank Details IDFC Bank Ltd Nagda Branch IDFB0043351
Location Nagda, Ujjain
City Nagda
District Ujjain
State Madhya Pradesh
Pincode 456345
Country IN
Address Ground floor, ward no. 15, kotak fatak, near ujjain bridge, nagda, madhya pradesh - 456345, toll free no - 18004194332
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 ujjain

You can search through MICR Codes of Madhya Pradesh branches in nagda of District ujjain 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 -

>>Nagda Branch

How to find MICR codes for IDFC in nagda?

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

IDFC Bank MICR code in nagda

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