MICR Code: 584259002

Bank: IDBI Bank
IFSC Code: Ibkl0000296
MICR Code: 584259002
Address: 11-1-10/1 Shantha Complex. Basaveshwara Circle, Raichur-584101
City: Raichur
District: Raichur
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 584259002.

  • In this case first three codes 584 is city code and it represents city Raichur.
  • Next three characters 259 represents bank IDBI Bank.
  • Remaining characters which are 002 represents branch. In our case branch is located at address 11-1-10/1 Shantha Complex. Basaveshwara Circle, Raichur-584101.

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.