Indian Bank Ghas Mandi Chowk Muktsar
Ghas Mandi Chowk Muktsar · Sri Muktsar Sahib, Punjab
152019103 is the MICR code for the Ghas Mandi Chowk Muktsar branch of Indian Bank, located in Sri Muktsar Sahib, Punjab. 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 IDIB000M761.
Bank
Indian Bank
Branch & Address
Ghas Mandi Chowk Muktsar
Opp Naka No5 Malout Road Sri Muktsar Sahib Sri Muktsar Sahib PIN 152026
Sri Muktsar Sahib, Sri Muktsar Sahib, Punjab
Contact
+918091770350MICR Code Structure
152
City
019
Bank
103
Branch
City code 152 identifies the RBI clearing centre, bank code 019 identifies Indian Bank, and branch code 103 identifies this specific branch.
Online Payment Methods Supported
Other Indian Bank branches near Sri Muktsar Sahib
Other banks in Sri Muktsar Sahib, Punjab
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 (IDIB000M761) 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 152019103 is in the middle, and your account number is on the right.