MICR Code: 520234103
| Bank: IndusInd Bank Limited |
| IFSC Code: Indb0000845 |
| MICR Code: 520234103 |
| Address: Grd Flr, D No 5 25 521 Next To Vijaya Talkies Nr Head Po Kothapet Main Rd Kothapet Guntur 522001 Ap |
| City: Guntur |
| District: Guntur |
| 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 520234103.
- In this case first three codes 520 is city code and it represents city Guntur.
- Next three characters 234 represents bank IndusInd Bank Limited.
- Remaining characters which are 103 represents branch. In our case branch is located at address Grd Flr, D No 5 25 521 Next To Vijaya Talkies Nr Head Po Kothapet Main Rd Kothapet Guntur 522001 Ap.
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.