Indian Bank New Timber Yard Lay Out
New Timber Yard Lay Out · Bangalore, Karnataka
560019020 is the MICR code for the New Timber Yard Lay Out branch of Indian Bank, located in Bangalore, Karnataka. 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 IDIB000N023.
Bank
Indian Bank
Branch & Address
New Timber Yard Lay Out
319/2 Anjaneya Swamy Complex Opp Ksrtc Depot 5 New Timber Yard Layout Mysore Road Opp Pillar No393 PIN 560026
Bangalore, New Timber Yard Layout, Karnataka
Contact
+918022958836MICR Code Structure
560
City
019
Bank
020
Branch
City code 560 identifies the RBI clearing centre, bank code 019 identifies Indian Bank, and branch code 020 identifies this specific branch.
Online Payment Methods Supported
Other Indian Bank branches near Bangalore
Other banks in Bangalore, Karnataka
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 (IDIB000N023) 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 560019020 is in the middle, and your account number is on the right.