MICR Code: 481234001

Bank: IndusInd Bank Limited
IFSC Code: Indb0000243
MICR Code: 481234001
Address: Sbi Square, Civil Lines, Mandla ┬Û 481 661
City: Mandla
District: Mandla
State: Madhya 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 481234001.

  • In this case first three codes 481 is city code and it represents city Mandla.
  • Next three characters 234 represents bank IndusInd Bank Limited.
  • Remaining characters which are 001 represents branch. In our case branch is located at address Sbi Square, Civil Lines, Mandla ┬Û 481 661.

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.