Indian Bank V T Road Branch Nalgonda
V T Road Branch Nalgonda · Nalgonda, Telangana
508019003 is the MICR code for the V T Road Branch Nalgonda branch of Indian Bank, located in Nalgonda, 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 IDIB000N528.
Bank
Indian Bank
Branch & Address
V T Road Branch Nalgonda
Opposite to Dsp Office Ramgiri Vt Road Nalgonda Nalgonda Nalgonda PIN 508001
Nalgonda, Nalgonda, Telangana
Contact
+919949676380MICR Code Structure
508
City
019
Bank
003
Branch
City code 508 identifies the RBI clearing centre, bank code 019 identifies Indian Bank, and branch code 003 identifies this specific branch.
Online Payment Methods Supported
Other Indian Bank branches near Nalgonda
Other banks in Nalgonda, 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 (IDIB000N528) 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 508019003 is in the middle, and your account number is on the right.