MICR Code: 590259002

Bank: IDBI Bank
IFSC Code: Ibkl0001035
MICR Code: 590259002
Address: J.K. Cement Works, Padam Colony, Muddapur-587122
City: Bagalkote
District: Muddapur
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 590259002.

  • In this case first three codes 590 is city code and it represents city Bagalkote.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 002 represents branch. In our case branch is located at address J.K. Cement Works, Padam Colony, Muddapur-587122.

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.