MICR Code: 591852501
| Bank: IDBI Bank |
| IFSC Code: Ibkl0101bbu |
| MICR Code: 591852501 |
| Address: Bellad Bagewadi Urban Souhard Sahakari Bank Niyamit, Bellad Bagewadi-591305 |
| City: Belgaum |
| District: Bellad Bagewadi |
| State: Karnataka |
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 591852501.
- In this case first three codes 591 is city code and it represents city Belgaum.
- Next three characters 852 represents bank IDBI Bank.
- Remaining characters which are 501 represents branch. In our case branch is located at address Bellad Bagewadi Urban Souhard Sahakari Bank Niyamit, Bellad Bagewadi-591305.
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.