IDFC FIRST Bank Akodia Branch
Akodia Branch · Shajapur, Madhya Pradesh
465751502 is the MICR code for the Akodia Branch branch of IDFC FIRST Bank, located in Shajapur, 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 IDFB0042721.
Bank
IDFC FIRST Bank
Branch & Address
Akodia Branch
Ground Floor, House 62, Ward no 11, Dharmashala Road, Akodia Mandi, Akodia, Distt Shajapur, Madhya Pradesh 465223, Toll Free Number 18004194332
Shajapur, Akodia, Madhya Pradesh
MICR Code Structure
465
City
751
Bank
502
Branch
City code 465 identifies the RBI clearing centre, bank code 751 identifies IDFC FIRST Bank, and branch code 502 identifies this specific branch.
Online Payment Methods Supported
Other IDFC FIRST Bank branches near Shajapur
Other banks in Shajapur, 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 (IDFB0042721) 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 465751502 is in the middle, and your account number is on the right.