MICR Code: 581049052

Bank: Federal Bank Ltd
IFSC Code: Fdrl0002043
MICR Code: 581049052
Address: C Plot No 30A, Vidya Nagar P B Road
City: Haveri
District: Haveri
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 581049052.

  • In this case first three codes 581 is city code and it represents city Haveri.
  • Next three characters 049 represents bank Federal Bank Ltd.
  • Remaining characters which are 052 represents branch. In our case branch is located at address C Plot No 30A, Vidya Nagar P B Road.

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.