MICR Code: 400259107

Bank: IDBI Bank
IFSC Code: Ibkl0001609
MICR Code: 400259107
Address: Shop No14,15,16,17, Chandan Maitri Vatika Bldg, Parsik Nagar, Mumbai Pune Road, Kalva West, Thane 400605
City: Thane
District: Thane
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 400259107.

  • 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 107 represents branch. In our case branch is located at address Shop No14,15,16,17, Chandan Maitri Vatika Bldg, Parsik Nagar, Mumbai Pune Road, Kalva West, Thane 400605.

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.