MICR Code: 505019002
| Bank: Indian Bank |
| IFSC Code: Idib000p033 |
| MICR Code: 505019002 |
| Address: 4-6-111/2 Kaman Road Peddaplli 505172 |
| City: Karim Nagar |
| District: Peddapalli |
| State: Andhra Pradesh |
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 505019002.
- In this case first three codes 505 is city code and it represents city Karim Nagar.
- Next three characters 019 represents bank Indian Bank.
- Remaining characters which are 002 represents branch. In our case branch is located at address 4-6-111/2 Kaman Road Peddaplli 505172.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.