| MICR CODE | 400259504 |
|---|---|
| Bank | Idbi Bank |
| Branch | Sangade |
| IFSC Code | IFSC Code Idbi Bank |
| Address | Grd Flr, Shop 1 & 2, Kadav Niwas, At Sangade, Post Ajivali, Taluka Panvel |
| City | Panvel |
| State | Maharashtra |
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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).