MICR Code: 562697505
| Bank: Pragathi Krishna Gramin Bank |
| IFSC Code: Pkgb0010825 |
| MICR Code: 562697505 |
| Address: The Manager, Pragathi Krishna Gramin Bank, Via Peresandra, Somenahalli Branch, Gudibande Tq,C B Pura Dist, Pin562 104 |
| City: Chikkaballapura |
| District: Gudibande |
| 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 562697505.
- In this case first three codes 562 is city code and it represents city Chikkaballapura.
- Next three characters 697 represents bank Pragathi Krishna Gramin Bank.
- Remaining characters which are 505 represents branch. In our case branch is located at address The Manager, Pragathi Krishna Gramin Bank, Via Peresandra, Somenahalli Branch, Gudibande Tq,C B Pura Dist, Pin562 104.
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.