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About IDBI BANK LTD MICR Code

IDBI Bank Ltd branches are widely distributed throughout the world. Its operations and functioning is driven by pioneering centered Bank IT program. Use of micr code idbi is done for security purposes. With micr code of IDBI bank you may assure about security of cheques. IDBI bank offers its customers financial solutions and personalized banking in the corporate and retail banking niche throughout its vast network of ATMS and branches which covers length and breadth of country. We have also laid out branch in Dubai and plan to launch representative offices throughout the globe, so as to epitomize emerging opportunities world-wide.

IDBI Bank provides its customers with micr codes using MICR technology which enables to dispatch cheques with magnetic ink character recognition technique. The micr code of idbi bank is present at the bottom of cheques. This strip is essentially posterior strip of cheque. Here the information about micr code idbi, branch code, cheque no, city code, etc. is present. Micr code idbi bank is used in getting clean chit from RBI to recognize bank and branch for clarification processes. As reference to 31st march Idbi bank has a full-fledged network of 1210 ATMs with 720 branches. IDBI plans to launch another 300 branches throughout India by financial year of 2010-2011. Micr code idbi bank has 6 digit cheque number which is machine readable. When a cheque goes to idbi bank for clearance, micr code of idbi bank is automatically read and after clearing out the micr code idbi, cheque goes to idbi’s branch requested by the client.

Micr code of idbi bank helps in making the whole process speedy as compared to doing it manually. Micr code idbi bank is printed in particular fonts with a toner or a magnetic ink. Ink of micr code idbi basically contains oxides of iron. micr code idbi bank is available on official website of the bank as well as on other sites too. IDBI Bank has a vision to become a reliable partner in development and advancement, so as to leverage assets of human resources and their quality. IDBI bank has reached to a business of 3.06 lakh crore, showing a percentage rise by 41.7%. We are bound to set global benchmark of excellence, building most significant financial corporation. Our experience in stock markets assists us in coping with big challenges and maximizing upcoming

opportunities by ensuring effective participation in India’s growth progress.

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