MICR Code: 577013501

Bank: Bank of India
IFSC Code: Bkid0001115
MICR Code: 577013501
Address: Vani Complex. Opp: Apmc Quarters, Bagalore- Bellary Road, Chellakere
City: Challakere
District: Challakere
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 577013501.

  • In this case first three codes 577 is city code and it represents city Challakere.
  • Next three characters 013 represents bank Bank of India.
  • Remaining characters which are 501 represents branch. In our case branch is located at address Vani Complex. Opp: Apmc Quarters, Bagalore- Bellary Road, Chellakere.

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.