MICR Code: 587025502
| Bank: Syndicate Bank |
| IFSC Code: Synb0000809 |
| MICR Code: 587025502 |
| Address: Satellite Branch Service Coop Soc Bldg Hungund Taluk Sulebhavi Karnataka 574239 |
| City: Bijapur |
| District: Sulebhavi |
| 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 587025502.
- In this case first three codes 587 is city code and it represents city Bijapur.
- Next three characters 025 represents bank Syndicate Bank.
- Remaining characters which are 502 represents branch. In our case branch is located at address Satellite Branch Service Coop Soc Bldg Hungund Taluk Sulebhavi Karnataka 574239.
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.