INDIAN BANK MADUKARAI IFSC CODE Quick Search

IFSC Code

MICR Code

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What is INDIAN BANK MADUKARAI ifsc code

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

INDIAN BANK MADUKARAI 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

INDIAN BANK MADUKARAI 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 :

INDIAN BANK MADUKARAI ifsc code : IDIB000M183 is 11 digit Unique IFSC Code.

First 4 characters represents Bank Code : IDIB for Bank : INDIAN BANK

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

Last 6 characters represents Branch Code : 00M183 for Bank Branch MADUKARAI

Anatomy of a Cheque

INDIAN BANK MADUKARAI ifsc code -cheque

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

What is MICR Code for indian bank madukarai

MICR code for indian bank madukarai 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 indian bank madukarai on Cheque:

MICR Code for indian bank madukarai 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 indian bank madukarai :

MICR Code for indian bank madukarai 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 INDIAN BANK : 605019059 is 9 digit Unique MICR Code.

First 3 digits represents CityCode Code : 605 for City : PONDICHERRY

Middle 3 digits reprents Bank Code: 019 for Bank : INDIAN BANK

Last 3 digits represents Branch Code : 905 for Bank Branch MADUKARAI

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