MICR code
415259504
IDBI, Medha
- Bank
- IDBI
- Branch
- Medha
- IFSC
- IBKL0001450
- Address
- KADAM BUILDING NEAR POLICE STATION MEDHA PO AND TAL SATARA PIN 415012
- City
- Satara
- District
- Medha
- State
- Maharashtra
- City code
- 415
- Bank code
- 259
- Branch code
- 504
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- 415259504
MICR code · Satara
MICR code 415259504
✔ Verified in RBI list
How to read MICR 415259504
- 415: the city code. It usually follows the first digits of the area's PIN code; here it is Satara.
- 259: the bank code, the same for every branch of IDBI in cheque clearing.
- 504: the branch code within that city and bank.
The MICR is printed in magnetic ink at the bottom of every cheque leaf, between the cheque number and your account ID. Clearing houses read it under the Cheque Truncation System (CTS) to route the cheque to the right branch. It is not needed for NEFT, RTGS, IMPS or UPI, which use the IFSC (IBKL0001450 for this branch).
Before you deposit or write a cheque
- Check that the MICR on the cheque matches the branch printed at the top of the leaf.
- Use a CTS-2010 cheque; older formats are no longer cleared.
- Write in blue or black ink and do not overwrite on the MICR band; changes can make the cheque bounce.
Frequently asked questions
Which bank does MICR 415259504 belong to?
IDBI, Medha branch (Satara, Maharashtra).
What is the IFSC code for MICR 415259504?
IBKL0001450.
What do the digits of 415259504 mean?
415 is the city code, 259 the bank code and 504 the branch code.