MICR Code: 500010018

Bank: Allahabad Bank
IFSC Code: Alla0212475
MICR Code: 500010018
Address: Mig 11, Sunday Market, Sangareddy,502001
City: Medak
District: Sangareddy
State: Andhra Pradesh

MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.

Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.

Let's decode MICR code 500010018.

  • In this case first three codes 500 is city code and it represents city Medak.
  • Next three characters 010 represents bank Allahabad Bank.
  • Remaining characters which are 018 represents branch. In our case branch is located at address Mig 11, Sunday Market, Sangareddy,502001.

The easiest way to find MICR code is to check your

  1. Bank account statement
  2. Cheques

Please examine below sample cheque for more details

I hope this clears doubts.