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Institute For Development And Research In Banking Technology Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for Institute For Development And Research In Banking Technology Hyderabad Hyderabad Telangana

MICR Code:
Bank: Institute for Development and Research in Banking Technology
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Idrbt
Contact:
Bank Details: Institute for Development and Research in Banking Technology Idrbt RBIH0000000
Location: Hyderabad, Hyderabad
City: Hyderabad
District: Hyderabad
State: Telangana
Pincode:
Country: IN
Address: Road no:1,castle hills,masab tank,hyderabad
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 Idrbt 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 IDRBT, Idrbt branch makes the system almost error free and faster. Use of IDRBT MICR codes for Idrbt branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Institute for Development and Research in Banking Technology are available with micr code -

>>Idrbt

MICR code for Institute For Development And Research In Banking Technology Idrbt

Institute For Development And Research In Banking Technology MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDRBT MICR code for Idrbt 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 Institute For Development And Research In Banking Technology for Idrbt branch. MICR code for Idrbt 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 IDRBT Idrbt is presented in the table alongside.

Use of IDRBT MICR code for Idrbt branch in hyderabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Idrbt and IDRBT 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 Institute For Development And Research In Banking Technology is typically in either of these two font’s: E-138 and CMC-7.