MICR Code: 480259101

Bank: IDBI Bank
IFSC Code: Ibkl0001561
MICR Code: 480259101
Address: Shubh Mangalam Complex, Tikona Park, Near Vijaya Bank, Seoni-480661
City: Seoni
District: Seoni
State: Madhya 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 480259101.

  • In this case first three codes 480 is city code and it represents city Seoni.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 101 represents branch. In our case branch is located at address Shubh Mangalam Complex, Tikona Park, Near Vijaya Bank, Seoni-480661.

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.