MICR Code: 583259502

Bank: IDBI Bank
IFSC Code: Ibkl0001062
MICR Code: 583259502
Address: Idbi Bank Ltd, Devlapur Branch, Opp Ksrtc Bus Depot, Bellary Road, Sirguppa-583121
City: Bellary
District: Bellary
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 583259502.

  • In this case first three codes 583 is city code and it represents city Bellary.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 502 represents branch. In our case branch is located at address Idbi Bank Ltd, Devlapur Branch, Opp Ksrtc Bus Depot, Bellary Road, Sirguppa-583121.

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.