Federal Bank Nidhipanda Chaka
Nidhipanda Chaka · Balasore, Odisha
756049505 is the MICR code for the Nidhipanda Chaka branch of Federal Bank, located in Balasore, 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 FDRL0002239.
Bank
Federal Bank
Branch & Address
Nidhipanda Chaka
Nidhipanda Chaka, At-po Nidhipanda Chaka Balasore, Bhubaneswar Orissa 756027
Balasore, Bhubaneswar, Odisha
Contact
+916726222100MICR Code Structure
756
City
049
Bank
505
Branch
City code 756 identifies the RBI clearing centre, bank code 049 identifies Federal Bank, and branch code 505 identifies this specific branch.
Online Payment Methods Supported
Other Federal Bank branches near Balasore
Other banks in Balasore, 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 (FDRL0002239) 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 756049505 is in the middle, and your account number is on the right.