Suryoday Small Finance Bank New Palasia
New Palasia · Indore, Madhya Pradesh
452757001 is the MICR code for the New Palasia branch of Suryoday Small Finance Bank, located in Indore, 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 SURY0000019.
Bank
Suryoday Small Finance Bank
Branch & Address
New Palasia
Ground Floor, Plot Number 4, Scheme Number 117, New Palasia, 56 Dukan, Indore
Indore, Indore, Madhya Pradesh
MICR Code Structure
452
City
757
Bank
001
Branch
City code 452 identifies the RBI clearing centre, bank code 757 identifies Suryoday Small Finance Bank, and branch code 001 identifies this specific branch.
Online Payment Methods Supported
Other banks in Indore, 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 (SURY0000019) 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 452757001 is in the middle, and your account number is on the right.