MICR Code: 581025502

Bank: Syndicate Bank
IFSC Code: Synb0001208
MICR Code: 581025502
Address: Chilly Merchants Association, Building Near Apmc Market, Yard Hamsabhavi Road, Byadgi, Haveri ,581 106
City: Haveri
District: Byadgi
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 581025502.

  • In this case first three codes 581 is city code and it represents city Haveri.
  • Next three characters 025 represents bank Syndicate Bank.
  • Remaining characters which are 502 represents branch. In our case branch is located at address Chilly Merchants Association, Building Near Apmc Market, Yard Hamsabhavi Road, Byadgi, Haveri ,581 106.

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.