IDFC Panipat Panipat Haryana MICR CODE

Find MICR Codes for IDFC Panipat Panipat Haryana

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MICR Code	-NA-
Bank	IDFC Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panipatmodel Town Branch
Contact	0
Bank Details	IDFC Bank Ltd Panipatmodel Town Branch IDFB0021623

Location	Panipat, Panipat
City	Panipat
District	Panipat
State	Haryana
Pincode	132103
Country	IN
Address	Ground and first floor, 230 - r, model town, ring road, model town, panipat, haryana - 132103

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 Panipatmodel Town 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, Panipatmodel Town Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Panipatmodel Town Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of IDFC Bank Ltd are available with micr code -

>>Panipat Branch >>Panipatmodel Town Branch

MICR code for IDFC Panipatmodel Town 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 Panipatmodel Town 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 Panipatmodel Town Branch branch. MICR code for Panipatmodel Town 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 Panipatmodel Town Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Panipatmodel Town Branch branch in panipat

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

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