MICR Code: 520060102
| Bank: Tamilnad Mercantile Bank Limited |
| IFSC Code: Tmbl0000074 |
| MICR Code: 520060102 |
| Address: 24-2-49, Chappalavari Street, Ratnam Bazar, Guntur-522003 Andhra Pradesh |
| City: Guntur |
| District: Guntur |
| State: Andhra Pradesh |
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 520060102.
- In this case first three codes 520 is city code and it represents city Guntur.
- Next three characters 060 represents bank Tamilnad Mercantile Bank Limited.
- Remaining characters which are 102 represents branch. In our case branch is located at address 24-2-49, Chappalavari Street, Ratnam Bazar, Guntur-522003 Andhra Pradesh.
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.