MICR Code: 501011622
| Bank: Andhra Bank |
| IFSC Code: Andb0001735 |
| MICR Code: 501011622 |
| Address: Sy. No 290, Balaji Nagar, Kodangal X Roadparigi Hyderabad 501501 |
| City: Rangareddy |
| District: Parigi |
| 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 501011622.
- In this case first three codes 501 is city code and it represents city Rangareddy.
- Next three characters 011 represents bank Andhra Bank.
- Remaining characters which are 622 represents branch. In our case branch is located at address Sy. No 290, Balaji Nagar, Kodangal X Roadparigi Hyderabad 501501.
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.