MICR Code: 587019102

Bank: Indian Bank
IFSC Code: Idib000b139
MICR Code: 587019102
Address: Plot No16/F Sector No 4 Kalidas Circlen H By Pass Roadnavanagar Bagalkot Karnataka
City: Bagalkote
District: Bagalkot
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 587019102.

  • In this case first three codes 587 is city code and it represents city Bagalkote.
  • Next three characters 019 represents bank Indian Bank.
  • Remaining characters which are 102 represents branch. In our case branch is located at address Plot No16/F Sector No 4 Kalidas Circlen H By Pass Roadnavanagar Bagalkot Karnataka.

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.