IDBI Currencychest
Currencychest · Newdelhi, Delhi
110259999 is the MICR code for the Currencychest branch of IDBI, located in Newdelhi, Delhi. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code IBKL0000972.
Bank
IDBI
Branch & Address
Currencychest
Tewari House Basemnet, 11b by 8, Pusa Road, Karol Bagh New Delhi
Newdelhi, Newdelhi, Delhi
Contact
+911141452333MICR Code Structure
110
City
259
Bank
999
Branch
City code 110 identifies the RBI clearing centre, bank code 259 identifies IDBI, and branch code 999 identifies this specific branch.
Online Payment Methods Supported
Other IDBI branches near Newdelhi
Other banks in Newdelhi, Delhi
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (IBKL0000972) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 110259999 is in the middle, and your account number is on the right.