IDBI Kalmath
Kalmath · Sindhudurg, Maharashtra
416259509 is the MICR code for the Kalmath branch of IDBI, located in Sindhudurg, 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 IBKL0001969.
Bank
IDBI
Branch & Address
Kalmath
Tpost-klmth, Mumbi-gohighwy, Knkvli
Sindhudurg, Kankavali, Maharashtra
Contact
+919923810990MICR Code Structure
416
City
259
Bank
509
Branch
City code 416 identifies the RBI clearing centre, bank code 259 identifies IDBI, and branch code 509 identifies this specific branch.
Online Payment Methods Supported
Other IDBI branches near Sindhudurg
Other banks in Sindhudurg, 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 (IBKL0001969) 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 416259509 is in the middle, and your account number is on the right.