MICR Code: 402259504

Bank: IDBI Bank
IFSC Code: Ibkl0001597
MICR Code: 402259504
Address: Shop No 1 5, Ground Floor, Brand Complex, Midc Road, Roha, Raigad 402109
City: Raigad
District: Roha
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 402259504.

  • In this case first three codes 402 is city code and it represents city Raigad.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 504 represents branch. In our case branch is located at address Shop No 1 5, Ground Floor, Brand Complex, Midc Road, Roha, Raigad 402109.

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.