Indian Bank Miryalaguda
Miryalaguda · Nalgonda, Telangana
508019102 is the MICR code for the Miryalaguda 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 IDIB000M305.
Bank
Indian Bank
Branch & Address
Miryalaguda
19433sagar Road Behind Karachi Bakery Reddy Colony Miryalaguda PIN 508207
Nalgonda, Nalgonda, Telangana
Contact
+918689242200MICR Code Structure
508
City
019
Bank
102
Branch
City code 508 identifies the RBI clearing centre, bank code 019 identifies Indian Bank, and branch code 102 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 (IDIB000M305) 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 508019102 is in the middle, and your account number is on the right.