MICR Code: 502259602
| Bank: IDBI Bank |
| IFSC Code: Ibkl0001346 |
| MICR Code: 502259602 |
| Address: No. 2-90, Old No. 1-93, Pragnapur, Gajwel Mandal, Medak Dist. Pin 502311 |
| City: Medak |
| District: Gajwel |
| 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 502259602.
- In this case first three codes 502 is city code and it represents city Medak.
- Next three characters 259 represents bank IDBI Bank.
- Remaining characters which are 602 represents branch. In our case branch is located at address No. 2-90, Old No. 1-93, Pragnapur, Gajwel Mandal, Medak Dist. Pin 502311.
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.