MICR Code Bank
Find MICR code for IDFC branches in India for NEFT and RTGS transfer

IDFC MICR CODE

Find MICR Codes for IDFC

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  1. IDFC Bank Ltd »
  2. Telangana »
  3. hyderabad »
  4. paradise secunderabad »
  5. paradise secunderabad branch

Find MICR Codes for IDFC

MICR Code: 500751004
Bank: IDFC Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Paradise Secunderabad Branch
Contact: 8452812595
Bank Details: IDFC Bank Ltd Paradise Secunderabad Branch IDFB0080203
Location: Paradise Secunderabad, Hyderabad
City: Paradise Secunderabad
District: Hyderabad
State: Telangana
Pincode: 500003
Country: IN
Address: Legend crystal, first floor, shop no-1, 1-7-79 a&b, mandalay lane, pg road, secunderabad 500003

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

A total of 1 branches of IDFC Bank Ltd are available with micr code

>>Paradise Secunderabad Branch

MICR code for IDFC

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

Use of IDFC Bank MICR code for branch in paradise secunderabad

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