MICR Code: 587259302

Bank: IDBI Bank
IFSC Code: Ibkl0001797
MICR Code: 587259302
Address: Cts No.5212 To 5217/9J/1, Kudchi Road, Opp To Police Station, Jamkhandi, Bagalkot District-587301
City: Bagalkote
District: Jamkhandi
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 587259302.

  • In this case first three codes 587 is city code and it represents city Bagalkote.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 302 represents branch. In our case branch is located at address Cts No.5212 To 5217/9J/1, Kudchi Road, Opp To Police Station, Jamkhandi, Bagalkot District-587301.

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.