IDBI Swarna Bharathi Sahakara Bank Niyamitha Basavanagudi
Swarna Bharathi Sahakara Bank Niyamitha Basavanagudi · Bangalore Urban, Karnataka
560226347 is the MICR code for the Swarna Bharathi Sahakara Bank Niyamitha Basavanagudi branch of IDBI, located in Bangalore Urban, 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 IBKL01084SB.
Bank
IDBI
Branch & Address
Swarna Bharathi Sahakara Bank Niyamitha Basavanagudi
No 3015, K R Road, Banashankari 2nd Stage, Bangalore 560070
Bangalore Urban, Bangalore, Karnataka
Contact
+918026762629MICR Code Structure
560
City
226
Bank
347
Branch
City code 560 identifies the RBI clearing centre, bank code 226 identifies IDBI, and branch code 347 identifies this specific branch.
Online Payment Methods Supported
Other IDBI branches near Bangalore Urban
Other banks in Bangalore Urban, 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 (IBKL01084SB) 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 560226347 is in the middle, and your account number is on the right.