IDBI BANK BETUL IFSC CODE Quick Search

IFSC Code

MICR Code

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What is IDBI BANK BETUL ifsc code

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

IDBI BANK BETUL 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 BETUL 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 BETUL ifsc code : IBKL0001553 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 : 001553 for Bank Branch BETUL

Anatomy of a Cheque

IDBI BANK BETUL 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 betul

MICR code for idbi bank betul 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 betul on Cheque:

MICR Code for idbi bank betul 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 betul :

MICR Code for idbi bank betul 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 : 460259001 is 9 digit Unique MICR Code.

First 3 digits represents CityCode Code : 460 for City : BETUL

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

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

IDBI BANK All Branch IFSC Code List for City BETUL

idbi bank betul ifsc code

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