MICR Code: 500259024
| Bank: IDBI Bank |
| IFSC Code: Ibkl0001636 |
| MICR Code: 500259024 |
| Address: H No 1 37, Rtc Colony. Beside Mukund Theatre, Medchal 501401 |
| City: Rangareddy |
| District: Medchal |
| 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 500259024.
- In this case first three codes 500 is city code and it represents city Rangareddy.
- Next three characters 259 represents bank IDBI Bank.
- Remaining characters which are 024 represents branch. In our case branch is located at address H No 1 37, Rtc Colony. Beside Mukund Theatre, Medchal 501401.
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.