IDBI Mahalakshmi Co Operative Bank LTD Udupi
Mahalakshmi Co Operative Bank LTD Udupi · Dakshin Kannad, Karnataka
575259260 is the MICR code for the Mahalakshmi Co Operative Bank LTD Udupi branch of IDBI, located in Dakshin Kannad, 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 IBKL0186MC4.
Bank
IDBI
Branch & Address
Mahalakshmi Co Operative Bank LTD Udupi
Capital Avenue, 1st Floor Near Dc Office Mangalore 575001
Dakshin Kannad, Mangalore, Karnataka
Contact
+918202528812MICR Code Structure
575
City
259
Bank
260
Branch
City code 575 identifies the RBI clearing centre, bank code 259 identifies IDBI, and branch code 260 identifies this specific branch.
Online Payment Methods Supported
Other IDBI branches near Dakshin Kannad
Other banks in Dakshin Kannad, 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 (IBKL0186MC4) 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 575259260 is in the middle, and your account number is on the right.