Indian Bank Housing Board Banswara
Housing Board Banswara · Banswara, Rajasthan
327019003 is the MICR code for the Housing Board Banswara branch of Indian Bank, located in Banswara, Rajasthan. 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 IDIB000B629.
Bank
Indian Bank
Branch & Address
Housing Board Banswara
Khadi Plex Apt Housing Board Circle Banswara Udaipur Road Banswara Banswara PIN 327001
Banswara, Banswara, Rajasthan
Contact
+917820877777MICR Code Structure
327
City
019
Bank
003
Branch
City code 327 identifies the RBI clearing centre, bank code 019 identifies Indian Bank, and branch code 003 identifies this specific branch.
Online Payment Methods Supported
Other Indian Bank branches near Banswara
Other banks in Banswara, Rajasthan
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 (IDIB000B629) 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 327019003 is in the middle, and your account number is on the right.