IDBI Udgir
Udgir · Latur, Maharashtra
538259638 is the MICR code for the Udgir branch of IDBI, located in Latur, Maharashtra. 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 IBKL0000538.
Bank
IDBI
Branch & Address
Udgir
23/126, Vattamvar Bldg., Main Road, Udgirlatur413517
Latur, Udgir, Maharashtra
Contact
+919890946708MICR Code Structure
538
City
259
Bank
638
Branch
City code 538 identifies the RBI clearing centre, bank code 259 identifies IDBI, and branch code 638 identifies this specific branch.
Online Payment Methods Supported
Other IDBI branches near Latur
Other banks in Latur, Maharashtra
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 (IBKL0000538) 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 538259638 is in the middle, and your account number is on the right.