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Industrial Bank Of Korea MICR CODE

Find MICR Codes for Industrial Bank Of Korea

Bank Industrial Bank of Korea
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch New Delhi Branch
Contact 40768000
Bank Details Industrial Bank of Korea New Delhi Branch IBKO0000001
Location New Delhi, New Delhi
City New Delhi
District New Delhi
State New Delhi
Pincode 110037
Country IN
Address Office no 403 4th floor worldmark2 asset8 hospitality district aerocity new delhi 110037
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.

Search Industrial Bank Of Korea MICR Codes!

You can search through around 0+ MICR Codes of Industrial Bank Of Korea! We are making earnest efforts in keeping the information updated by adding MICR codes of Industrial Bank Of Korea as they get available on RBI website.

Industrial Bank of Korea branches with ifsc codes are available in 1 states-

>>New Delhi

MICR codes for Industrial Bank Of Korea

Industrial Bank Of Korea MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. It is used to identify the bank branch to which the cheque belongs. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR technology speeds up the whole process compared to manual reading and sorting. MICR code for IBK is present at the bottom of every cheque leaf.

How to find MICR codes for Industrial Bank Of Korea?

Industrial Bank Of Korea MICR codes are given in the table alongside. Along with the MICR code, details like address and contact numbers are also provided. You can narrow down your search either by selecting any particular state from the drop down list or by selecting the state from IBK MICR codes list given on the right side. One can find MICR codes for all Industrial Bank Of Korea branches here.

How does the MICR technology work for Industrial Bank Of Korea?

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 Industrial Bank Of Korea is typically in either of these two fonts: E-138 and CMC-7. The MICR code allows the characters to be read reliably even if they are over-printed or concealed by stamps and signatures. This makes the system very efficient. This code is used By RBI (Reserve bank Of India) in clearing process to identify the branch and Industrial Bank Of Korea