IDBI BANK POWAI NAKA, SATARA IFSC CODE Quick Search

IFSC Code

MICR Code

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What is IDBI BANK POWAI NAKA, SATARA ifsc code

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

IDBI BANK POWAI NAKA, SATARA 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

IDBI BANK POWAI NAKA, SATARA 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 :

IDBI BANK POWAI NAKA, SATARA ifsc code : IBKL0000485 is 11 digit Unique IFSC Code.

First 4 characters represents Bank Code : IBKL for Bank : IDBI BANK

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

Last 6 characters represents Branch Code : 000485 for Bank Branch SATARA POWAI NAKA

Anatomy of a Cheque

IDBI BANK POWAI NAKA, SATARA ifsc code -cheque

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

What is MICR Code for idbi bank powai naka, satara

MICR code for idbi bank powai naka, satara 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 idbi bank powai naka, satara on Cheque:

MICR Code for idbi bank powai naka, satara 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 idbi bank powai naka, satara :

MICR Code for idbi bank powai naka, satara 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 IDBI BANK : WAITING is 9 digit Unique MICR Code.

First 3 digits represents CityCode Code : NA for City : POWAI NAKA, SATARA

Middle 3 digits reprents Bank Code: NA for Bank : IDBI BANK

Last 3 digits represents Branch Code : NA for Bank Branch SATARA POWAI NAKA

IDBI BANK All Branch IFSC Code List for City POWAI NAKA, SATARA

idbi bank satara powai naka ifsc code

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