MICR Code: 586014501

Bank: Bank of Maharashtra
IFSC Code: Mahb0000505
MICR Code: 586014501
Address: Sindgi Taluk, Bijapur District, Bijapur-586123
City: Bijapur
District: Mortgi
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 586014501.

  • In this case first three codes 586 is city code and it represents city Bijapur.
  • Next three characters 014 represents bank Bank of Maharashtra.
  • Remaining characters which are 501 represents branch. In our case branch is located at address Sindgi Taluk, Bijapur District, Bijapur-586123.

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.