MICR Code: 416390151

Bank: IDBI Bank
IFSC Code: Ibkl0617s24
MICR Code: 416390151
Address: Near Sangli S T Bus Station, Sangli 416416
City: Sangli
District: Haripur
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 416390151.

  • In this case first three codes 416 is city code and it represents city Sangli.
  • Next three characters 390 represents bank IDBI Bank.
  • Remaining characters which are 151 represents branch. In our case branch is located at address Near Sangli S T Bus Station, Sangli 416416.

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.