MICR Code: 243259202

Bank: IDBI Bank
IFSC Code: Ibkl0001263
MICR Code: 243259202
Address: Idbi Bank Ltd,424 / Civil Lines , Indira Chowk , Badaun
City: Budaun
District: Badaun
State: Uttar Pradesh

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 243259202.

  • In this case first three codes 243 is city code and it represents city Budaun.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 202 represents branch. In our case branch is located at address Idbi Bank Ltd,424 / Civil Lines , Indira Chowk , Badaun.

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.