MICR Code: 562010002
| Bank: Allahabad Bank |
| IFSC Code: Alla0212942 |
| MICR Code: 562010002 |
| Address: Shivari Plaza, No 2444 By 1, Near Milk Dairy, Vapasandra, Chikkaballapur, Pin 562101 |
| City: Kolar |
| District: Bangalore |
| State: Karnataka |
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 562010002.
- In this case first three codes 562 is city code and it represents city Kolar.
- Next three characters 010 represents bank Allahabad Bank.
- Remaining characters which are 002 represents branch. In our case branch is located at address Shivari Plaza, No 2444 By 1, Near Milk Dairy, Vapasandra, Chikkaballapur, Pin 562101.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.