MICR Code: 577019011

Bank: Indian Bank
IFSC Code: Idib000s003
MICR Code: 577019011
Address: Muncipal Shopping Complex J C Road Sagar Shimoga 577401
City: Shimoga
District: Sagar
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 577019011.

  • In this case first three codes 577 is city code and it represents city Shimoga.
  • Next three characters 019 represents bank Indian Bank.
  • Remaining characters which are 011 represents branch. In our case branch is located at address Muncipal Shopping Complex J C Road Sagar Shimoga 577401.

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.