MICR Code: 503072002
| Bank: Development Credit Bank Ltd |
| IFSC Code: Dcbl0000192 |
| MICR Code: 503072002 |
| Address: Dcb Bank Ltd, Pangra Branch, Plot No 21 And 22, Sri Raja Rajeshwara Complex, Main Road, Arya Nagar, Pangra, Dist- Nizamabad, State- Telangana, Pin-503230 |
| City: Nizamabad |
| District: Pangra |
| State: Telangana |
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 503072002.
- In this case first three codes 503 is city code and it represents city Nizamabad.
- Next three characters 072 represents bank Development Credit Bank Ltd.
- Remaining characters which are 002 represents branch. In our case branch is located at address Dcb Bank Ltd, Pangra Branch, Plot No 21 And 22, Sri Raja Rajeshwara Complex, Main Road, Arya Nagar, Pangra, Dist- Nizamabad, State- Telangana, Pin-503230.
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.