MICR Code: 577049521

Bank: Federal Bank Ltd
IFSC Code: Fdrl0001895
MICR Code: 577049521
Address: Assessment No.794, Near To Ioc Petrol Pump Nagalapura Village,B H Kaimara
City: Narasimharajapura
District: Narasimharajapura
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 577049521.

  • In this case first three codes 577 is city code and it represents city Narasimharajapura.
  • Next three characters 049 represents bank Federal Bank Ltd.
  • Remaining characters which are 521 represents branch. In our case branch is located at address Assessment No.794, Near To Ioc Petrol Pump Nagalapura Village,B H Kaimara.

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.