MICR Code: 577049002
| Bank: Federal Bank Ltd |
| IFSC Code: Fdrl0001594 |
| MICR Code: 577049002 |
| Address: Opp. Vasavi Mahal, Basaveshwara Talkies Road Chitradurga , Chitradurga Dist, Karnataka |
| City: Chitradurga |
| District: Chitradurga |
| 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 577049002.
- In this case first three codes 577 is city code and it represents city Chitradurga.
- Next three characters 049 represents bank Federal Bank Ltd.
- Remaining characters which are 002 represents branch. In our case branch is located at address Opp. Vasavi Mahal, Basaveshwara Talkies Road Chitradurga , Chitradurga Dist, 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.