MICR Code: 465259101

Bank: IDBI Bank
IFSC Code: Ibkl0001562
MICR Code: 465259101
Address: Idbi Bank Shop No 1 Choudhary Tower A.B. Road In Front Of Water Works Shajapur
City: Shajapur
District: Shajapur
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 465259101.

  • In this case first three codes 465 is city code and it represents city Shajapur.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 101 represents branch. In our case branch is located at address Idbi Bank Shop No 1 Choudhary Tower A.B. Road In Front Of Water Works Shajapur.

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.