Bandhan Bank Kompally Branch
Kompally Branch · Medchalmalkajgiri, Telangana
500750014 is the MICR code for the Kompally Branch branch of Bandhan Bank, located in Medchalmalkajgiri, 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 BDBL0002530.
Bank
Bandhan Bank
Branch & Address
Kompally Branch
Ground Floor, Plot No. 1-115/bn-7, 8, 9, 10, 11, Navi Comercial Complex, Bank Street, Kompally, Hyderabad, Dist -medchal-malkajgiri, State - Telangana, PIN - 500014
Medchalmalkajgiri, Hyderabad, Telangana
Contact
+919831025301MICR Code Structure
500
City
750
Bank
014
Branch
City code 500 identifies the RBI clearing centre, bank code 750 identifies Bandhan Bank, and branch code 014 identifies this specific branch.
Online Payment Methods Supported
Other Bandhan Bank branches near Medchalmalkajgiri
Other banks in Medchalmalkajgiri, 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 (BDBL0002530) 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 500750014 is in the middle, and your account number is on the right.