Indian Bank Sagar Society Banjara Hills
Sagar Society Banjara Hills · Hyderabad, Telangana
500019071 is the MICR code for the Sagar Society Banjara Hills branch of Indian Bank, located in Hyderabad, Telangana. 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 IDIB000B617.
Bank
Indian Bank
Branch & Address
Sagar Society Banjara Hills
Door no 82269/s/50ground Floor Sagar Society Banjara Hills Hyderabad Ap500034 Sagar Societyroad N02 Banjara Hills PIN 500034
Hyderabad, Banjara Hills, Telangana
Contact
+914023555218MICR Code Structure
500
City
019
Bank
071
Branch
City code 500 identifies the RBI clearing centre, bank code 019 identifies Indian Bank, and branch code 071 identifies this specific branch.
Online Payment Methods Supported
Other Indian Bank branches near Hyderabad
Other banks in Hyderabad, Telangana
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 (IDIB000B617) 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 500019071 is in the middle, and your account number is on the right.