MICR Code: 581017203

Bank: Corporation Bank
IFSC Code: Corp0002012
MICR Code: 581017203
Address: Bilt Chemicals Ltd., Bilt Shopping Complex, Po Binaga, Karwar 581364
City: Uttar Kannad
District: Karwar
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 581017203.

  • In this case first three codes 581 is city code and it represents city Uttar Kannad.
  • Next three characters 017 represents bank Corporation Bank.
  • Remaining characters which are 203 represents branch. In our case branch is located at address Bilt Chemicals Ltd., Bilt Shopping Complex, Po Binaga, Karwar 581364.

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.