MICR Code: 400259080

Bank: IDBI Bank
IFSC Code: Ibkl0000431
MICR Code: 400259080
Address: Shubham Palace, Plot No 84/85, Sector-15, Koperkhairne-400709
City: Navi Mumbai
District: Koperkhairne
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 400259080.

  • In this case first three codes 400 is city code and it represents city Navi Mumbai.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 080 represents branch. In our case branch is located at address Shubham Palace, Plot No 84/85, Sector-15, Koperkhairne-400709.

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.