MICR Code: 500059031

Bank: The South Indian Bank Ltd
IFSC Code: Sibl0000680
MICR Code: 500059031
Address: D. No.8-102, Block 8, Ghatkesar Panchayat, Hyderabad ┬Û 501 301,R.R. Dist, Andhra Pradesh
City: Rangareddy
District: Ghatkesar
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 500059031.

  • In this case first three codes 500 is city code and it represents city Rangareddy.
  • Next three characters 059 represents bank The South Indian Bank Ltd.
  • Remaining characters which are 031 represents branch. In our case branch is located at address D. No.8-102, Block 8, Ghatkesar Panchayat, Hyderabad ┬Û 501 301,R.R. Dist, Andhra Pradesh.

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.