MICR Code: 590013505

Bank: Bank of India
IFSC Code: Bkid0001102
MICR Code: 590013505
Address: Near Post Officemugutkhan Hubli, Dist Belgaum
City: Mugutkhan Hubli (Dist Belgaum)
District: Mugutkhan Hubli (Dist Belgaum)
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 590013505.

  • In this case first three codes 590 is city code and it represents city Mugutkhan Hubli (Dist Belgaum).
  • Next three characters 013 represents bank Bank of India.
  • Remaining characters which are 505 represents branch. In our case branch is located at address Near Post Officemugutkhan Hubli, Dist Belgaum.

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.