MICR Code: 587052303
| Bank: Karnataka Bank |
| IFSC Code: Karb0000449 |
| MICR Code: 587052303 |
| Address: Cts No.5138 By B By 27 36, Tungal Complex, Kudachi Road, Kadapatti Village And Gp 587 119, Jamkhandi Tq |
| City: Bagalkot |
| District: Kadapatti |
| 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 587052303.
- In this case first three codes 587 is city code and it represents city Bagalkot.
- Next three characters 052 represents bank Karnataka Bank.
- Remaining characters which are 303 represents branch. In our case branch is located at address Cts No.5138 By B By 27 36, Tungal Complex, Kudachi Road, Kadapatti Village And Gp 587 119, Jamkhandi Tq.
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.