MICR Code: 583049302
| Bank: Federal Bank Ltd |
| IFSC Code: Fdrl0001685 |
| MICR Code: 583049302 |
| Address: Building No 2-12-81,82,83, Malleswara Complex, Koppal Road |
| City: Gangawati |
| District: Gangawati |
| 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 583049302.
- In this case first three codes 583 is city code and it represents city Gangawati.
- Next three characters 049 represents bank Federal Bank Ltd.
- Remaining characters which are 302 represents branch. In our case branch is located at address Building No 2-12-81,82,83, Malleswara Complex, Koppal Road.
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.