IDBI Paonta Sahib
Paonta Sahib · Paonta Sahib, Himachal Pradesh
173259102 is the MICR code for the Paonta Sahib branch of IDBI, located in Paonta Sahib, Himachal Pradesh. 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 IBKL0001177.
Bank
IDBI
Branch & Address
Paonta Sahib
57/6, Main Road, Near Obc Bank, Paonta Sahib-173025
Paonta Sahib, Paonta Sahib, Himachal Pradesh
Contact
+918350856070MICR Code Structure
173
City
259
Bank
102
Branch
City code 173 identifies the RBI clearing centre, bank code 259 identifies IDBI, and branch code 102 identifies this specific branch.
Online Payment Methods Supported
Other IDBI branches near Paonta Sahib
Other banks in Paonta Sahib, Himachal Pradesh
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 (IBKL0001177) 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 173259102 is in the middle, and your account number is on the right.