MICR Code: 400259103

Bank: IDBI Bank
IFSC Code: Ibkl0001486
MICR Code: 400259103
Address: Shop No 2,3, Sawant Park, Opp Forest Office, Old Agra Road, Asangaon, Thane
City: Thane
District: Shahapur
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 400259103.

  • In this case first three codes 400 is city code and it represents city Thane.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 103 represents branch. In our case branch is located at address Shop No 2,3, Sawant Park, Opp Forest Office, Old Agra Road, Asangaon, Thane.

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.