MICR Code: 581751501

Bank: IDFC Bank Ltd
IFSC Code: Idfb0080302
MICR Code: 581751501
Address: Ground Floor, Sirsi Shimoga Highway Road, Makaravali, Haveri District, Karnataka- 581110
City: Haveri
District: Makaravali
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 581751501.

  • In this case first three codes 581 is city code and it represents city Haveri.
  • Next three characters 751 represents bank IDFC Bank Ltd.
  • Remaining characters which are 501 represents branch. In our case branch is located at address Ground Floor, Sirsi Shimoga Highway Road, Makaravali, Haveri District, Karnataka- 581110.

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.