MICR Code: 500234012

Bank: IndusInd Bank Limited
IFSC Code: Indb0000496
MICR Code: 500234012
Address: Ground Floor, H. No 5-494/8A, Survey No 217, Block No V, ┬Ô Gs Complex┬Ö, Handloom Market Road, Choutuppal- 508252, Dist: Nalgonda, Andhra Pradesh
City: Nalgonda
District: Choutuppal
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 500234012.

  • In this case first three codes 500 is city code and it represents city Nalgonda.
  • Next three characters 234 represents bank IndusInd Bank Limited.
  • Remaining characters which are 012 represents branch. In our case branch is located at address Ground Floor, H. No 5-494/8A, Survey No 217, Block No V, ┬Ô Gs Complex┬Ö, Handloom Market Road, Choutuppal- 508252, Dist: Nalgonda, Andhra Pradesh.

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.