IDFC Salem Salem Tamil Nadu MICR CODE

Find MICR Codes for IDFC Salem Salem Tamil Nadu

MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Salem Branch
Contact 0
Bank Details IDFC Bank Ltd Salem Branch IDFB0080591
Location Salem, Salem
City Salem
District Salem
State Tamil Nadu
Pincode 636004
Country IN
Address Ground floor,door no 2 to 8,mnj complex,kalliapillai thoppu,sks hospital road,opp.ponnusamy kalyana mandapam,fairlands salem tamilnadu 636004-toll free no 18004198332
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 636751002 for Salem 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 636751002 of IDFC Bank, Salem Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Salem 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 -

>>Salem Branch >>Salem Gugai Branch

MICR code for IDFC Salem 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 Salem 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. 636751002 is the MICR code of IDFC for Salem Branch branch. MICR code for Salem 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 Salem Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Salem Branch branch in salem

The MICR code 636751002 is used in RBI cheque clearing process to identify the branch Salem 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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