MICR code
403234003
Indusind Bank, Madgoan
- Bank
- Indusind Bank
- Branch
- Madgoan
- IFSC
- INDB0000084
- Address
- CHAZE ART GALLERYRUA ABADE FARIA ROAD, MARGAO 403 601
- City
- South Goa
- District
- Madgoan
- State
- Goa
- City code
- 403
- Bank code
- 234
- Branch code
- 003
- Home
- MICR search
- 403234003
MICR code · South Goa
MICR code 403234003
✔ Verified in RBI list
How to read MICR 403234003
- 403: the city code. It usually follows the first digits of the area's PIN code; here it is South Goa.
- 234: the bank code, the same for every branch of Indusind Bank in cheque clearing.
- 003: the branch code within that city and bank.
The MICR is printed in magnetic ink at the bottom of every cheque leaf, between the cheque number and your account ID. Clearing houses read it under the Cheque Truncation System (CTS) to route the cheque to the right branch. It is not needed for NEFT, RTGS, IMPS or UPI, which use the IFSC (INDB0000084 for this branch).
Before you deposit or write a cheque
- Check that the MICR on the cheque matches the branch printed at the top of the leaf.
- Use a CTS-2010 cheque; older formats are no longer cleared.
- Write in blue or black ink and do not overwrite on the MICR band; changes can make the cheque bounce.
Frequently asked questions
Which bank does MICR 403234003 belong to?
Indusind Bank, Madgoan branch (South Goa, Goa).
What is the IFSC code for MICR 403234003?
INDB0000084.
What do the digits of 403234003 mean?
403 is the city code, 234 the bank code and 003 the branch code.