MICR Code: 508240562

Bank: HDFC Bank
IFSC Code: Hdfc0003016
MICR Code: 508240562
Address: Hdfc Bank Ltd 16-154 And 155, Miryalguda Road Nalgonda Andhra Pradesh 508204
City: Nalgonda
District: Huzurnagar
State: Andhra Pradesh

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 508240562.

  • In this case first three codes 508 is city code and it represents city Nalgonda.
  • Next three characters 240 represents bank HDFC Bank.
  • Remaining characters which are 562 represents branch. In our case branch is located at address Hdfc Bank Ltd 16-154 And 155, Miryalguda Road Nalgonda Andhra Pradesh 508204.

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.