MICR Code: 530234003

Bank: IndusInd Bank Limited
IFSC Code: Indb0000681
MICR Code: 530234003
Address: Opp. Eenadu Rythu Bazaar, Seethammadhara, Visakhapatnam ┬Û530013
City: Visakhapatnam
District: Visakhapatnam
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 530234003.

  • In this case first three codes 530 is city code and it represents city Visakhapatnam.
  • Next three characters 234 represents bank IndusInd Bank Limited.
  • Remaining characters which are 003 represents branch. In our case branch is located at address Opp. Eenadu Rythu Bazaar, Seethammadhara, Visakhapatnam ┬Û530013.

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.