MICR Code: 591259502

Bank: IDBI Bank
IFSC Code: Ibkl0001720
MICR Code: 591259502
Address: 210/2A, Plot No 4/4B, Sri Laksmi Extension, Laxmi Temple Road, Adjacent Mini Vidhan Soudha, Gokak 591307
City: Belgaum
District: Gokak
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 591259502.

  • In this case first three codes 591 is city code and it represents city Belgaum.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 502 represents branch. In our case branch is located at address 210/2A, Plot No 4/4B, Sri Laksmi Extension, Laxmi Temple Road, Adjacent Mini Vidhan Soudha, Gokak 591307.

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.