MICR Code: 423800101

Bank: IDBI Bank
IFSC Code: Ibkl0533mmc
MICR Code: 423800101
Address: Ohnsorrdlegon-423203
City: Nasik
District: Malegaon
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 423800101.

  • In this case first three codes 423 is city code and it represents city Nasik.
  • Next three characters 800 represents bank IDBI Bank.
  • Remaining characters which are 101 represents branch. In our case branch is located at address Ohnsorrdlegon-423203.

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.