MICR Code: 587004521

Bank: State Bank of Hyderabad
IFSC Code: Sbhy0020470
MICR Code: 587004521
Address: Nandavadgiteh. Hungund
City: Bagalkot
District: Bagalkot
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 587004521.

  • In this case first three codes 587 is city code and it represents city Bagalkot.
  • Next three characters 004 represents bank State Bank of Hyderabad.
  • Remaining characters which are 521 represents branch. In our case branch is located at address Nandavadgiteh. Hungund.

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.