MICR Code: 500234015
| Bank: IndusInd Bank Limited |
| IFSC Code: Indb0000740 |
| MICR Code: 500234015 |
| Address: Grd Flr Gayatri Arcade No 5 Tyagarayanagar A S Rao Nagar Kapra Hyderabad 500062 Telangana |
| City: Hyderabad |
| District: Hyderabad |
| 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 500234015.
- In this case first three codes 500 is city code and it represents city Hyderabad.
- Next three characters 234 represents bank IndusInd Bank Limited.
- Remaining characters which are 015 represents branch. In our case branch is located at address Grd Flr Gayatri Arcade No 5 Tyagarayanagar A S Rao Nagar Kapra Hyderabad 500062 Telangana.
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.