Indian Bank Shahapur
Shahapur · Yadgir, Karnataka
585019203 is the MICR code for the Shahapur branch of Indian Bank, located in Yadgir, 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 IDIB000S296.
Bank
Indian Bank
Branch & Address
Shahapur
474 54 55) Kavitha Complex Ganesh Nagar Shahapur PIN 585223
Yadgir, Ganesh Nagar, Karnataka
Contact
+919538512092MICR Code Structure
585
City
019
Bank
203
Branch
City code 585 identifies the RBI clearing centre, bank code 019 identifies Indian Bank, and branch code 203 identifies this specific branch.
Online Payment Methods Supported
Other Indian Bank branches near Yadgir
Other banks in Yadgir, 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 (IDIB000S296) 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 585019203 is in the middle, and your account number is on the right.