MICR Code: 400234039

Bank: IndusInd Bank Limited
IFSC Code: Indb0000582
MICR Code: 400234039
Address: Shree M.B. Trade Center, Near Railway Phatak, Bhayander East, Thane 401105, Maharashtra
City: Thane
District: Mira Bhayandar
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 400234039.

  • In this case first three codes 400 is city code and it represents city Thane.
  • Next three characters 234 represents bank IndusInd Bank Limited.
  • Remaining characters which are 039 represents branch. In our case branch is located at address Shree M.B. Trade Center, Near Railway Phatak, Bhayander East, Thane 401105, Maharashtra.

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.