MICR code
403259007
IDBI, Ponda
- Bank
- IDBI
- Branch
- Ponda
- IFSC
- IBKL0000176
- Address
- SHOP NO 15-18, ROYAL CHAMBERS, OFF PONDA -MARGOA HIGHWAY, PONDA- 403401
- City
- North Goa
- District
- Ponda
- State
- Goa
- City code
- 403
- Bank code
- 259
- Branch code
- 007
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- 403259007
MICR code · North Goa
MICR code 403259007
✔ Verified in RBI list
How to read MICR 403259007
- 403: the city code. It usually follows the first digits of the area's PIN code; here it is North Goa.
- 259: the bank code, the same for every branch of IDBI in cheque clearing.
- 007: 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 (IBKL0000176 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 403259007 belong to?
IDBI, Ponda branch (North Goa, Goa).
What is the IFSC code for MICR 403259007?
IBKL0000176.
What do the digits of 403259007 mean?
403 is the city code, 259 the bank code and 007 the branch code.