MICR Code: 581808002
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 581808002.
- In this case first three codes 581 is city code and it represents city Haveri.
- Next three characters 808 represents bank IDBI Bank.
- Remaining characters which are 002 represents branch. In our case branch is located at address Main Road, Byadagi-581106 Dist- Haveri.
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.