IDBI Shree Gajanan Lokseva Sahkari Bank Maryadit
Shree Gajanan Lokseva Sahkari Bank Maryadit · Pune, Maharashtra
411174397 is the MICR code for the Shree Gajanan Lokseva Sahkari Bank Maryadit branch of IDBI, located in Pune, Maharashtra. 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 IBKL0250GL1.
Bank
IDBI
Branch & Address
Shree Gajanan Lokseva Sahkari Bank Maryadit
G P 971 G Block Midc Thermax Chowk Sambhajinagar Chinchwad Pune 411019
Pune, Pune, Maharashtra
Contact
+919922902165MICR Code Structure
411
City
174
Bank
397
Branch
City code 411 identifies the RBI clearing centre, bank code 174 identifies IDBI, and branch code 397 identifies this specific branch.
Online Payment Methods Supported
Other IDBI branches near Pune
Other banks in Pune, Maharashtra
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 (IBKL0250GL1) 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 411174397 is in the middle, and your account number is on the right.