Indian Bank Palwal
Palwal · Palwal, Haryana
121019453 is the MICR code for the Palwal branch of Indian Bank, located in Palwal, Haryana. 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 IDIB000P542.
Bank
Indian Bank
Branch & Address
Palwal
Dev Nagar Near Bus Stand Main Road Delhi Agra Highway Palwal Palwal PIN 121102
Palwal, Palwal, Haryana
Contact
+917419700155MICR Code Structure
121
City
019
Bank
453
Branch
City code 121 identifies the RBI clearing centre, bank code 019 identifies Indian Bank, and branch code 453 identifies this specific branch.
Online Payment Methods Supported
Other Indian Bank branches near Palwal
Other banks in Palwal, Haryana
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 (IDIB000P542) 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 121019453 is in the middle, and your account number is on the right.