MICR Code: 581259202

Bank: IDBI Bank
IFSC Code: Ibkl0001618
MICR Code: 581259202
Address: R S No 28 A1 By A2, Effie Buldg, Dr. Pikle Road, Karwar 581301
City: Uttar Kannad
District: Karwar
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 581259202.

  • In this case first three codes 581 is city code and it represents city Uttar Kannad.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 202 represents branch. In our case branch is located at address R S No 28 A1 By A2, Effie Buldg, Dr. Pikle Road, Karwar 581301.

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.