| MICR CODE | 400259048 |
|---|---|
| Bank | Idbi Bank |
| Branch | Sanpada |
| IFSC Code | IFSC Code Idbi Bank |
| Address | Plot 1, Queen's Necklace Shopping Paradise, Sector 18, Sanpada, Navi Mumbai 400705 |
| City | New Mumbai |
| State | Maharashtra |
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).