IDFC Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for IDFC Chennai Chennai Tamil Nadu

MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Parrys Corner Branch
Contact 0
Bank Details IDFC Bank Ltd Parrys Corner Branch IDFB0080104
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600001
Country IN
Address First floor, door no.3, dass india towers,second line beach road, parrys corner, chennai 600001 toll-free number 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.

How does MICR code 600751005 for Parrys Corner 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 600751005 of IDFC Bank, Parrys Corner Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Parrys Corner Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDFC Parrys Corner 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 Parrys Corner 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. 600751005 is the MICR code of IDFC for Parrys Corner Branch branch. MICR code for Parrys Corner 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 Parrys Corner Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Parrys Corner Branch branch in chennai

The MICR code 600751005 is used in RBI cheque clearing process to identify the branch Parrys Corner 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.

Copied!