MICR Code: 571019096

Bank: Indian Bank
IFSC Code: Idib000m032
MICR Code: 571019096
Address: 23 College Road Madikeri Kodagu 571201
City: Gadak
District: Madikeri
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 571019096.

  • In this case first three codes 571 is city code and it represents city Gadak.
  • Next three characters 019 represents bank Indian Bank.
  • Remaining characters which are 096 represents branch. In our case branch is located at address 23 College Road Madikeri Kodagu 571201.

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.