What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Idbi Bank The Malegaon Merchant S Co-operative Bank Ltd Nasik Branch IFSC/MICR Code Details
Bank Name IDBI BANK
Address OHNSORRDLEGON-423203
State MAHARASHTRA
District NASIK
Branch THE MALEGAON MERCHANT S CO-OPERATIVE BANK LTD
IFSC Code IBKL0533MMC
Branch Code 533MMC (Last six characters of IFSC code represent Branch code.)
MICR Code 423800101
Contact Phone 230923
via https://bankingzone.in/ifsc

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