IDBI BANK PUNJAB IFSC CODE Quick Search

IFSC Code

MICR Code

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Address
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What is IDBI BANK PUNJAB ifsc code

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

IDBI BANK PUNJAB 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 PUNJAB 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 PUNJAB ifsc code : IBKL0000020 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 : 000020 for Bank Branch MOHALI

Anatomy of a Cheque

IDBI BANK PUNJAB 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 punjab

MICR code for idbi bank punjab 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 punjab on Cheque:

MICR Code for idbi bank punjab 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 punjab :

MICR Code for idbi bank punjab 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 : 160259003 is 9 digit Unique MICR Code.

First 3 digits represents CityCode Code : 160 for City : MOHALI

Middle 3 digits reprents Bank Code: 259 for Bank : IDBI BANK

Last 3 digits represents Branch Code : 900 for Bank Branch MOHALI

IDBI BANK All City IFSC Code List for State PUNJAB

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