MICR Code: 524259642

Bank: IDBI Bank
IFSC Code: Ibkl0001005
MICR Code: 524259642
Address: Idbi Bank , Krishnapatnam Port , Bankers Complex, Beside Admin Building, Muthukur ( Mandal) , Nellore Dist -524344
City: Nellore
District: Muthukur
State: Andhra Pradesh

MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.

Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.

Let's decode MICR code 524259642.

  • In this case first three codes 524 is city code and it represents city Nellore.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 642 represents branch. In our case branch is located at address Idbi Bank , Krishnapatnam Port , Bankers Complex, Beside Admin Building, Muthukur ( Mandal) , Nellore Dist -524344.

The easiest way to find MICR code is to check your

  1. Bank account statement
  2. Cheques

Please examine below sample cheque for more details

I hope this clears doubts.