MICR Code: 586004705

Bank: State Bank of Hyderabad
IFSC Code: Sbhy0020850
MICR Code: 586004705
Address: 16-3 Shree Mahaveer Vidya Sewa Sangh, Ashram Road, Bijapur,586101
City: Bijapur
District: Bijapur
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 586004705.

  • In this case first three codes 586 is city code and it represents city Bijapur.
  • Next three characters 004 represents bank State Bank of Hyderabad.
  • Remaining characters which are 705 represents branch. In our case branch is located at address 16-3 Shree Mahaveer Vidya Sewa Sangh, Ashram Road, Bijapur,586101.

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.