MICR Code: 413859227

Bank: IDBI Bank
IFSC Code: Ibkl0538uuc
MICR Code: 413859227
Address: Raga Building, Nanded Bidar Road, Udgir-413517
City: Latur
District: Udgir
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 413859227.

  • In this case first three codes 413 is city code and it represents city Latur.
  • Next three characters 859 represents bank IDBI Bank.
  • Remaining characters which are 227 represents branch. In our case branch is located at address Raga Building, Nanded Bidar Road, Udgir-413517.

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.