MICR Code: 500259251

Bank: IDBI Bank
IFSC Code: Ibkl0871lec
MICR Code: 500259251
Address: Lic Compound, Lic Building, Batchupeta, Machilipatnam - 521001
City: Krishna
District: Machilipatnam
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 500259251.

  • In this case first three codes 500 is city code and it represents city Krishna.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 251 represents branch. In our case branch is located at address Lic Compound, Lic Building, Batchupeta, Machilipatnam - 521001.

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.