MICR Code: 587006510
| Bank: State Bank of Mysore |
| IFSC Code: Sbmy0041061 |
| MICR Code: 587006510 |
| Address: Sy No 42 Ward No 1 Kesaragoppa 587312 Mudhol Taluk Bagalkote Dist |
| City: Bagalkote |
| District: Mudhol |
| 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 587006510.
- In this case first three codes 587 is city code and it represents city Bagalkote.
- Next three characters 006 represents bank State Bank of Mysore.
- Remaining characters which are 510 represents branch. In our case branch is located at address Sy No 42 Ward No 1 Kesaragoppa 587312 Mudhol Taluk Bagalkote Dist.
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.