MICR Code: 577088002

Bank: Saraswat Cooperative Bank Ltd
IFSC Code: Srcb0000408
MICR Code: 577088002
Address: 269 / 1, Near Mallikarjuna Motor And Scooter Mart, Jayadeva Circle Road, Davangere, Karnataka ┬Û 577002.
City: Davangere
District: Davangere
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 577088002.

  • In this case first three codes 577 is city code and it represents city Davangere.
  • Next three characters 088 represents bank Saraswat Cooperative Bank Ltd.
  • Remaining characters which are 002 represents branch. In our case branch is located at address 269 / 1, Near Mallikarjuna Motor And Scooter Mart, Jayadeva Circle Road, Davangere, Karnataka ┬Û 577002..

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.