MICR Code: 503259002
| Bank: IDBI Bank |
| IFSC Code: Ibkl0000439 |
| MICR Code: 503259002 |
| Address: H. No-5-6-568, Surya Towers, Rajyalakshmi Residency Near Kapila Hotel Hyderabad Road, Nizamabad-503002 |
| 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 503259002.
- In this case first three codes 503 is city code and it represents city Nizamabad.
- Next three characters 259 represents bank IDBI Bank.
- Remaining characters which are 002 represents branch. In our case branch is located at address H. No-5-6-568, Surya Towers, Rajyalakshmi Residency Near Kapila Hotel Hyderabad Road, Nizamabad-503002.
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.