MICR Code: 500873002

Bank: IDBI Bank
IFSC Code: Ibkl0297tsm
MICR Code: 500873002
Address: 1 St Floor,2-4-56/2,M.G. Road, Secunderabad 500003
City: Hyderabad
District: Hyderabad
State: Telangana

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 500873002.

  • In this case first three codes 500 is city code and it represents city Hyderabad.
  • Next three characters 873 represents bank IDBI Bank.
  • Remaining characters which are 002 represents branch. In our case branch is located at address 1 St Floor,2-4-56/2,M.G. Road, Secunderabad 500003.

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.