MICR Code: 501011562

Bank: Andhra Bank
IFSC Code: Andb0000372
MICR Code: 501011562
Address: 4-31, Mall, Nallavelli P.O., Yacharam Mandalibrahimpatnam Tq, R.R. District, A.P.
City: Ranga Reddy
District: Mall
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 501011562.

  • In this case first three codes 501 is city code and it represents city Ranga Reddy.
  • Next three characters 011 represents bank Andhra Bank.
  • Remaining characters which are 562 represents branch. In our case branch is located at address 4-31, Mall, Nallavelli P.O., Yacharam Mandalibrahimpatnam Tq, R.R. District, A.P..

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.