MICR Code: 587052505
| Bank: Karnataka Bank |
| IFSC Code: Karb0000278 |
| MICR Code: 587052505 |
| Address: Ground Floor, Gulgal Jambagi Village 587313, Chinchakhandi Kd Gp, Mudhol Taluk |
| City: Bagalkot |
| District: Mudhol |
| 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 587052505.
- 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 505 represents branch. In our case branch is located at address Ground Floor, Gulgal Jambagi Village 587313, Chinchakhandi Kd Gp, Mudhol Taluk.
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.