MICR Code: 160259024

Bank: IDBI Bank
IFSC Code: Ibkl0002095
MICR Code: 160259024
Address: Shop No 267, Ward No 8 Morinda
City: Rupnagar
District: Morinda
State: Punjab

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 160259024.

  • In this case first three codes 160 is city code and it represents city Rupnagar.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 024 represents branch. In our case branch is located at address Shop No 267, Ward No 8 Morinda.

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.