MICR Code: 587015104
| Bank: Canara Bank |
| IFSC Code: Cnrb0004211 |
| MICR Code: 587015104 |
| Address: Canara Bank Plot No 33 & 34 , Sector 25 Navanagar , Bagalkot, Karnataka |
| City: Bagalkote |
| District: Bagalkot |
| 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 587015104.
- In this case first three codes 587 is city code and it represents city Bagalkote.
- Next three characters 015 represents bank Canara Bank.
- Remaining characters which are 104 represents branch. In our case branch is located at address Canara Bank Plot No 33 & 34 , Sector 25 Navanagar , Bagalkot, Karnataka.
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.