IDBI Retail Asset Kochi
Retail Asset Kochi · Ernakulam, Kerala
727259827 is the MICR code for the Retail Asset Kochi branch of IDBI, located in Ernakulam, Kerala. 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 IBKL0000827.
Bank
IDBI
Branch & Address
Retail Asset Kochi
Ii Nd Flooridbi Building Panampilly Nagar Near Passport Kochi 682036
Ernakulam, Kochi, Kerala
Contact
+919846993366MICR Code Structure
727
City
259
Bank
827
Branch
City code 727 identifies the RBI clearing centre, bank code 259 identifies IDBI, and branch code 827 identifies this specific branch.
Online Payment Methods Supported
Other IDBI branches near Ernakulam
Other banks in Ernakulam, Kerala
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 (IBKL0000827) 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 727259827 is in the middle, and your account number is on the right.