MICR Code: 581006555

Bank: State Bank of Mysore
IFSC Code: Sbmy0041107
MICR Code: 581006555
Address: Gram Panchayatbuilding Hosur Village Haveri District Pin 581193
City: Haveri
District: Hosur
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 581006555.

  • In this case first three codes 581 is city code and it represents city Haveri.
  • Next three characters 006 represents bank State Bank of Mysore.
  • Remaining characters which are 555 represents branch. In our case branch is located at address Gram Panchayatbuilding Hosur Village Haveri District Pin 581193.

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.