MICR Code: 496259001

Bank: IDBI Bank
IFSC Code: Ibkl0000429
MICR Code: 496259001
Address: Opp. Carmel School, O.P. Jindal Road, Jagatpur Raigarh ( Chhattisgarh)
City: Raigarh
District: Raigarh
State: Chandigarh

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 496259001.

  • In this case first three codes 496 is city code and it represents city Raigarh.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 001 represents branch. In our case branch is located at address Opp. Carmel School, O.P. Jindal Road, Jagatpur Raigarh ( Chhattisgarh).

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.