MICR Code: 580259003

Bank: IDBI Bank
IFSC Code: Ibkl0000566
MICR Code: 580259003
Address: 2921, Umachagi Bldg.,, Coen Road, P B No.34,, Hubli, Pincode - 580020
City: Dharwad
District: Hubli
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 580259003.

  • In this case first three codes 580 is city code and it represents city Dharwad.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 003 represents branch. In our case branch is located at address 2921, Umachagi Bldg.,, Coen Road, P B No.34,, Hubli, Pincode - 580020.

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.