MICR Code: 560049016

Bank: Federal Bank Ltd
IFSC Code: Fdrl0001571
MICR Code: 560049016
Address: Limra Towers No.53/3,4,5 Kemnaikana Halli Bannerghatta, Bangalore
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 560049016.

  • 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 016 represents branch. In our case branch is located at address Limra Towers No.53/3,4,5 Kemnaikana Halli Bannerghatta, Bangalore.

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.