IDBI State Transport Bank Ratnagiri
State Transport Bank Ratnagiri · Ratnagiri, Maharashtra
415804051 is the MICR code for the State Transport Bank Ratnagiri branch of IDBI, located in Ratnagiri, 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 IBKL0617S22.
Bank
IDBI
Branch & Address
State Transport Bank Ratnagiri
Near S T Divisional Office, Juna Mal Naka, Main Road Ratnagiri415612
Ratnagiri, Ratnagiri, Maharashtra
Contact
+912352222682MICR Code Structure
415
City
804
Bank
051
Branch
City code 415 identifies the RBI clearing centre, bank code 804 identifies IDBI, and branch code 051 identifies this specific branch.
Online Payment Methods Supported
Other IDBI branches near Ratnagiri
Other banks in Ratnagiri, 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 (IBKL0617S22) 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 415804051 is in the middle, and your account number is on the right.