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India Post Payments Bank Delhi Delhi New Delhi MICR CODE

Find MICR Codes for India Post Payments Bank Delhi Delhi New Delhi

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	India Post Payment Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Corporate Office
Contact	23362148
Bank Details	India Post Payment Bank Corporate Office IPOS0000001

Location	Delhi, Delhi
City	Delhi
District	Delhi
State	New Delhi
Pincode	110020
Country	IN
Address	Post office,speed post centre building,market road,new delhi,central delhi,delhi 110001,india

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 0 for Corporate Office 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 0 of IPPB, Corporate Office branch makes the system almost error free and faster. Use of IPPB MICR codes for Corporate Office branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of India Post Payment Bank are available with micr code -

>>Corporate Office >>Service Centre

MICR code for India Post Payments Bank Corporate Office

India Post Payments Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IPPB MICR code for Corporate Office 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. 0 is the MICR code of India Post Payments Bank for Corporate Office branch. MICR code for Corporate Office 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 IPPB Corporate Office is presented in the table alongside.

Use of IPPB MICR code for Corporate Office branch in delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Corporate Office and IPPB 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 India Post Payments Bank is typically in either of these two font’s: E-138 and CMC-7.