MICR Code: 414259503

Bank: IDBI Bank
IFSC Code: Ibkl0001829
MICR Code: 414259503
Address: /- Kiki1tgmbgmeg.
City: Ahmadnagar
District: Ahmadnagar
State: Maharashtra

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 414259503.

  • In this case first three codes 414 is city code and it represents city Ahmadnagar.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 503 represents branch. In our case branch is located at address /- Kiki1tgmbgmeg..

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.