MICR Code: 587751302

Bank: IDFC Bank Ltd
IFSC Code: Idfb0080331
MICR Code: 587751302
Address: Ground Floor, Laskari Complex, Maigur Road, Bagalkot District Jamkhandi, Karnataka - 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 587751302.

  • In this case first three codes 587 is city code and it represents city Bagalkote.
  • Next three characters 751 represents bank IDFC Bank Ltd.
  • Remaining characters which are 302 represents branch. In our case branch is located at address Ground Floor, Laskari Complex, Maigur Road, Bagalkot District Jamkhandi, Karnataka - 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.