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IDFC Kapurthala Phagwara Punjab MICR CODE

Find MICR Codes for IDFC Kapurthala Phagwara Punjab

Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Phagwara Branch
Contact 00
Bank Details IDFC Bank Ltd Phagwara Branch IDFB0021711
Location Kapurthala, Phagwara
City Kapurthala
District Phagwara
State Punjab
Pincode 144401
Country IN
Address Upper ground floor, shop no. 37-38, handa city centre, g.t.road, phagwara-144401, 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.

How does MICR code 144751202 for Phagwara 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 144751202 of IDFC Bank, Phagwara Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Phagwara Branch 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 -

>>Phagwara Branch

MICR code for IDFC Phagwara 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 Phagwara 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. 144751202 is the MICR code of IDFC for Phagwara Branch branch. MICR code for Phagwara 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 Phagwara Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Phagwara Branch branch in kapurthala

The MICR code 144751202 is used in RBI cheque clearing process to identify the branch Phagwara 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.