MICR Code: 580234002

Bank: IndusInd Bank Limited
IFSC Code: Indb0000058
MICR Code: 580234002
Address: Rr┬ Æs Mahalaxmi Mansion, Desai Cross, Pinto Road, Hubli 580 020
City: Dharwad
District: Hubli
State: Karnataka

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 580234002.

  • In this case first three codes 580 is city code and it represents city Dharwad.
  • Next three characters 234 represents bank IndusInd Bank Limited.
  • Remaining characters which are 002 represents branch. In our case branch is located at address Rr┬ Æs Mahalaxmi Mansion, Desai Cross, Pinto Road, Hubli 580 020.

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.