MICR Code: 160259013

Bank: IDBI Bank
IFSC Code: Ibkl0001234
MICR Code: 160259013
Address: Idbi Bank Ltd , Shivam Complex, Ward No 2 , Mohalla Shivpuri, Chandigarh Ambala Highway Tehsil Derabassi, Pin Code 140507
City: Rupnagar
District: Sas Nagar(Mohali)
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 160259013.

  • 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 013 represents branch. In our case branch is located at address Idbi Bank Ltd , Shivam Complex, Ward No 2 , Mohalla Shivpuri, Chandigarh Ambala Highway Tehsil Derabassi, Pin Code 140507.

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.