IDFC Gautam Buddha Nagar Noida Uttar Pradesh MICR CODE

Find MICR Codes for IDFC Gautam Buddha Nagar Noida Uttar Pradesh

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MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Noida
Contact 0-180010888
Bank Details IDFC Bank Ltd Noida IDFB0020164
Location Gautam Buddha Nagar, Noida
City Gautam Buddha Nagar
District Noida
State Uttar Pradesh
Pincode 201303
Country IN
Address Ground floor, plot no 1 a, tirupati akc tower, sector 126, gautam budh nagar, noida, uttar pradesh 201303
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 Noida 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, Noida branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Noida branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDFC Noida

IDFC MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDFC Bank MICR code for Noida 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 Noida branch. MICR code for Noida 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 Noida is presented in the table alongside.

Use of IDFC Bank MICR code for Noida branch in gautam buddha nagar

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

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