MICR Code: 508234102

Bank: IndusInd Bank Limited
IFSC Code: Indb0000207
MICR Code: 508234102
Address: 19-145/146/147 Vsn Reddy Complex Sagar Road Miryalaguda - 508207
City: Nalgonda
District: Miryalaguda
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 508234102.

  • In this case first three codes 508 is city code and it represents city Nalgonda.
  • Next three characters 234 represents bank IndusInd Bank Limited.
  • Remaining characters which are 102 represents branch. In our case branch is located at address 19-145/146/147 Vsn Reddy Complex Sagar Road Miryalaguda - 508207.

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.