IDBI BANK, State Transport Bank Malegaon

MICR Codes for other Branches of Idbi Bank In "Malegaon"

MICR Code for IDBI BANKMaharashtra

The MICR code for a IDBI BANK is a machine readable code that is used for processing and clearance of cheques. The code helps to identify the bank branch to which the cheque belongs. It is used when cheque goes for clearing, where the magnetic reader reads the code and it gets sorted automatically. This code speeds up the clearance process.

The MICR code for IDBI BANK is printed on the bottom of every cheque leaf of the IDBI BANK.

Decoding-423390101

423390101 the MICR code of IDBI BANK,State Transport Bank MalegaonMaharashtra.

• The first 3 characters, i.e. 423 is the first three characters of PIN (Postal Index Number)
• The next three characters, i.e. 390 depicts the bank number of IDBI BANK
• The last three charters, i.e. 101 depicts theState Transport Bank Malegaon ofMalegaon.

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