IDBI State Transport Bank Panchavati
State Transport Bank Panchavati · Nasik, Maharashtra
422002252 is the MICR code for the State Transport Bank Panchavati branch of IDBI, located in Nasik, 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 IBKL0617S43.
Bank
IDBI
Branch & Address
State Transport Bank Panchavati
S T Panchavati Depot, Old Aadgaon Naka, Panchavati, Nasik 422003
Nasik, Nasik, Maharashtra
Contact
+912532629752MICR Code Structure
422
City
002
Bank
252
Branch
City code 422 identifies the RBI clearing centre, bank code 002 identifies IDBI, and branch code 252 identifies this specific branch.
Online Payment Methods Supported
Other IDBI branches near Nasik
Other banks in Nasik, 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 (IBKL0617S43) 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 422002252 is in the middle, and your account number is on the right.