IDFC Sejawata Ratlam Madhya Pradesh MICR CODE

Find MICR Codes for IDFC Sejawata Ratlam Madhya Pradesh

MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sejawata Branch
Contact 9987784277
Bank Details IDFC Bank Ltd Sejawata Branch IDFB0042142
Location Sejawata, Ratlam
City Sejawata
District Ratlam
State Madhya Pradesh
Pincode 457226
Country IN
Address Khasra no, 32/5/2 ujjain road, village sejawata, tehsil jaora, dist- ratlam, madhya pradesh - 457226
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 457751051 for Sejawata 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 457751051 of IDFC Bank, Sejawata Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Sejawata 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 -

>>Sejawata Branch

MICR code for IDFC Sejawata 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 Sejawata 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. 457751051 is the MICR code of IDFC for Sejawata Branch branch. MICR code for Sejawata 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 Sejawata Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Sejawata Branch branch in sejawata

The MICR code 457751051 is used in RBI cheque clearing process to identify the branch Sejawata 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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