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IDBI Rajahmundry East Godavari Andhra Pradesh MICR CODE

Find MICR Codes for IDBI Rajahmundry East Godavari Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Idbi Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Rajamundary
Contact	011-23994348-49
Bank Details	Idbi Bank Ltd Rajamundary IBKL0000094

Location	Rajahmundry, East Godavari
City	Rajahmundry
District	East Godavari
State	Andhra Pradesh
Pincode	533103
Country	IN
Address	300-307,mercantile building,main fatehpuri chowk,chandni chowk,

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 Rajamundary 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 IDBI Bank, Rajamundary branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Rajamundary branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Idbi Bank Ltd are available with micr code -

>>Rajamundary >>The Aryapuram Cooperative Urban Bank Limited

MICR code for IDBI Rajamundary

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Rajamundary 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 IDBI for Rajamundary branch. MICR code for Rajamundary 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 IDBI Bank Rajamundary is presented in the table alongside.

Use of IDBI Bank MICR code for Rajamundary branch in rajahmundry

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rajamundary and IDBI 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 IDBI is typically in either of these two font’s: E-138 and CMC-7.