MICR Code: 560049001

Bank: Federal Bank Ltd
IFSC Code: Fdrl0000506
MICR Code: 560049001
Address: Funds & Investment Branch, No.24, Meazzanine Floor, 2 Nd Cross, Gandhinagar
City: Bangalore
District: Bangalore
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 560049001.

  • In this case first three codes 560 is city code and it represents city Bangalore.
  • Next three characters 049 represents bank Federal Bank Ltd.
  • Remaining characters which are 001 represents branch. In our case branch is located at address Funds & Investment Branch, No.24, Meazzanine Floor, 2 Nd Cross, Gandhinagar.

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.