MICR Code: 587013102

Bank: Bank of India
IFSC Code: Bkid0008465
MICR Code: 587013102
Address: Akkimardi Complex, 18 Thcross, Basaveshwarengineering College Circle, Ward No 11, Vidya
City: Bagalkot (Karnataka)
District: Bagalkot (Karnataka)
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 587013102.

  • In this case first three codes 587 is city code and it represents city Bagalkot (Karnataka).
  • Next three characters 013 represents bank Bank of India.
  • Remaining characters which are 102 represents branch. In our case branch is located at address Akkimardi Complex, 18 Thcross, Basaveshwarengineering College Circle, Ward No 11, Vidya.

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.