MICR Code: 503240004

Bank: HDFC Bank
IFSC Code: Hdfc0003059
MICR Code: 503240004
Address: Hdfc Bank Ltd., Plot No 85 Gangasthan - Ii , Gopanpalle Village, Nizamabad Andhra Pradesh 503003
City: Nizamabad
District: Nizamabad
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 503240004.

  • In this case first three codes 503 is city code and it represents city Nizamabad.
  • Next three characters 240 represents bank HDFC Bank.
  • Remaining characters which are 004 represents branch. In our case branch is located at address Hdfc Bank Ltd., Plot No 85 Gangasthan - Ii , Gopanpalle Village, Nizamabad Andhra Pradesh 503003.

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.