IDFC FIRST Bank Khandwa Branch
Khandwa Branch · Khandwa, Madhya Pradesh
450751101 is the MICR code for the Khandwa Branch branch of IDFC FIRST Bank, located in Khandwa, Madhya Pradesh. 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 IDFB0041302.
Bank
IDFC FIRST Bank
Branch & Address
Khandwa Branch
Unit No. 1 2 19 20 21 & 22 Upper Ground Floor Landmark One Mall Ward No.26 Plot. No.104 & 105 Pandhana Road Khandwa Madhya Pradesh450001, Toll Free no 1800 419 8332
Khandwa, Khandwa, Madhya Pradesh
MICR Code Structure
450
City
751
Bank
101
Branch
City code 450 identifies the RBI clearing centre, bank code 751 identifies IDFC FIRST Bank, and branch code 101 identifies this specific branch.
Online Payment Methods Supported
Other IDFC FIRST Bank branches near Khandwa
Other banks in Khandwa, Madhya Pradesh
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 (IDFB0041302) 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 450751101 is in the middle, and your account number is on the right.