MICR Code: 500089003
| Bank: The Shamrao Vithal Cooperative Bank Ltd |
| IFSC Code: Svcb0000302 |
| MICR Code: 500089003 |
| Address: Golechha Arcade,1,2,61&62, Park Lane, Opp. Brand Factory Shopping Mall, Secunderabad-500 003 |
| City: Hyderabad |
| District: Secunderabad |
| 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 500089003.
- In this case first three codes 500 is city code and it represents city Hyderabad.
- Next three characters 089 represents bank The Shamrao Vithal Cooperative Bank Ltd.
- Remaining characters which are 003 represents branch. In our case branch is located at address Golechha Arcade,1,2,61&62, Park Lane, Opp. Brand Factory Shopping Mall, Secunderabad-500 003.
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.