MICR Code: 495259503

Bank: IDBI Bank
IFSC Code: Ibkl0001896
MICR Code: 495259503
Address: Ward No 2, Bus Stand, Masturi, District Bilaspur Pin - 495551
City: Bilaspur
District: Masturi
State: Chhattisgarh

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 495259503.

  • In this case first three codes 495 is city code and it represents city Bilaspur.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 503 represents branch. In our case branch is located at address Ward No 2, Bus Stand, Masturi, District Bilaspur Pin - 495551.

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.