Indian Bank Bhubaneswar May Fair Lagoon
Bhubaneswar May Fair Lagoon · Khordha, Odisha
751019023 is the MICR code for the Bhubaneswar May Fair Lagoon branch of Indian Bank, located in Khordha, Odisha. 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 IDIB000M677.
Bank
Indian Bank
Branch & Address
Bhubaneswar May Fair Lagoon
Hotel May Fair Lagoon Complex Bhubaneswar 8b Jayadev Vihar Mayfair Lagoon Nayapalli PIN 751013
Khordha, Mayfair Lagoon, Odisha
Contact
+918420455414MICR Code Structure
751
City
019
Bank
023
Branch
City code 751 identifies the RBI clearing centre, bank code 019 identifies Indian Bank, and branch code 023 identifies this specific branch.
Online Payment Methods Supported
Other Indian Bank branches near Khordha
Other banks in Khordha, Odisha
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 (IDIB000M677) 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 751019023 is in the middle, and your account number is on the right.