| MICR CODE | 500259020 |
|---|---|
| Bank | Idbi Bank |
| Branch | Santoshnagar |
| IFSC Code | IFSC Code Idbi Bank |
| Address | # 17-1-380/e/b, Plot No. 13, Central Excise Employees Co-operative Society (ce Colony), Saidabad, Hyderabad, Pin-500060 |
| City | Hyderabad |
| State | Andhra Pradesh |
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Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.
MICR code is a code printed on checks using MICR (Magnetic Ink Character Recognition) technology. The purpose of this code is to identify the cheques and which means faster processing. A MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).