MICR Code: 520234001

Bank: IndusInd Bank Limited
IFSC Code: Indb0000057
MICR Code: 520234001
Address: M. G. Road, Near Benz Circle, Vijayawada-520010
City: Krishna
District: Vijayawada
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 520234001.

  • In this case first three codes 520 is city code and it represents city Krishna.
  • Next three characters 234 represents bank IndusInd Bank Limited.
  • Remaining characters which are 001 represents branch. In our case branch is located at address M. G. Road, Near Benz Circle, Vijayawada-520010.

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.