RBL Bank Mandideep
Mandideep · Raisen, Madhya Pradesh
462176001 is the MICR code for the Mandideep branch of RBL Bank, located in Raisen, 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 RATN0000117.
Bank
RBL Bank
Branch & Address
Mandideep
The Ratnakar Bank Ltd, Plot no 1, Ground Floor, Sector A, Indra Nagar, Ward no 12, Mandideep 462046.
Raisen, Raisen, Madhya Pradesh
Contact
+917869105253MICR Code Structure
462
City
176
Bank
001
Branch
City code 462 identifies the RBI clearing centre, bank code 176 identifies RBL Bank, and branch code 001 identifies this specific branch.
Online Payment Methods Supported
Other RBL Bank branches near Raisen
Other banks in Raisen, 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 (RATN0000117) 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 462176001 is in the middle, and your account number is on the right.