MICR Code: 385259501

Bank: IDBI Bank
IFSC Code: Ibkl0001230
MICR Code: 385259501
Address: Idbi Bank Ltd , Near S T Stand , Madana ( Gadh) Ta- Palanpur- Dist- Banaskantah - Pin-385519
City: Banas Kantha
District: Palanpur
State: Gujarat

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 385259501.

  • In this case first three codes 385 is city code and it represents city Banas Kantha.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 501 represents branch. In our case branch is located at address Idbi Bank Ltd , Near S T Stand , Madana ( Gadh) Ta- Palanpur- Dist- Banaskantah - Pin-385519.

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.