MICR code
589259689
IDBI, Ranand
- Bank
- IDBI
- Branch
- Ranand
- IFSC
- IBKL0000589
- Address
- H NO.151,P D BEHERE BLDG.,RANAND TAL MANSATARA415508
- City
- Satara
- District
- Ranand
- State
- Maharashtra
- City code
- 589
- Bank code
- 259
- Branch code
- 689
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- 589259689
MICR code · Satara
MICR code 589259689
✔ Verified in RBI list
How to read MICR 589259689
- 589: the city code. It usually follows the first digits of the area's PIN code; here it is Satara.
- 259: the bank code, the same for every branch of IDBI in cheque clearing.
- 689: 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 (IBKL0000589 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 589259689 belong to?
IDBI, Ranand branch (Satara, Maharashtra).
What is the IFSC code for MICR 589259689?
IBKL0000589.
What do the digits of 589259689 mean?
589 is the city code, 259 the bank code and 689 the branch code.