INDUSTRIAL BANK OF KOREA IFSC CODE Quick Search

IFSC Code

MICR Code

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What is INDUSTRIAL BANK OF KOREA ifsc code

IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.

INDUSTRIAL BANK OF KOREA ifsc code is a Unique code which identifies each bank branch. The main purpose of IFSC Code is to participate each bank branch in the two main payment and settlement systems in India.

1) RTGS : Real Time Gross Settlement
2) NEFT : National Electronic Fund Transfer

INDUSTRIAL BANK OF KOREA ifsc code Format:

The IFSC Code is an 11-characters code. First four alphabetic characters ( position 1 to 4) represents BankName and Last Six charactes ( Position from 6-11) which can be alphanumeric represents Bank Branch. The fifth character is 0 (zero) which is reserved for future use.

1 2 3 4 5 6 7 8 9 10 11
Bank Code 0 Branch Code

For Example :

INDUSTRIAL BANK OF KOREA ifsc code : IBKO0000001 is 11 digit Unique IFSC Code.

First 4 characters represents Bank Code : IBKO for Bank : INDUSTRIAL BANK OF KOREA

5th character is Zero and it is reserved for future reference

Last 6 characters represents Branch Code : 000001 for Bank Branch NEW DELHI BRANCH

Anatomy of a Cheque

INDUSTRIAL BANK OF KOREA ifsc code -cheque

The above image represent cheque format which locates IFSC Code and MICR Code in Red Box

What is MICR Code for industrial bank of korea

MICR code for industrial bank of korea represents Magnetic Ink Character Recognition technology which is printed on cheques. This MICR Code is used for the identification of the cheques for faster processing.

MICR Code is a Unique code which identifies each bank branch. The main purpose of MICR Code is to participate each bank branch in an Electronic Clearing System (ECS).

Where is MICR Code for industrial bank of korea on Cheque:

MICR Code for industrial bank of korea can be found at the bottom of the cheque. As shown in above image MICR Code is shown inside Red rectangle at the bottom of the cheque.

MICR Code Format for industrial bank of korea :

MICR Code for industrial bank of korea is an 9-digit code. First three digits ( position 1 to 3) represents City Code, Next 3 Digits ( Position from 4-7) Bank Code and Last 3 Digits ( Position from 7-9) represents Branch Code.

1 2 3 4 5 6 7 8 9
City Code Bank Code Branch Code

For Example :

MICR Code for INDUSTRIAL BANK OF KOREA : is 9 digit Unique MICR Code.

First 3 digits represents CityCode Code : NA for City : NEW DELHI

Middle 3 digits reprents Bank Code: NA for Bank : INDUSTRIAL BANK OF KOREA

Last 3 digits represents Branch Code : NA for Bank Branch NEW DELHI BRANCH

INDUSTRIAL BANK OF KOREA All State IFSC Code List

industrial bank of korea delhi ifsc code

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