MICR Code: 500059027
| Bank: The South Indian Bank Ltd |
| IFSC Code: Sibl0000698 |
| MICR Code: 500059027 |
| Address: D. No. 4-1, Khanapur Village, Rajendra Nagar Mandal, Hyderabad-500075 R.R,. Dist., Andhra Pradesh |
| City: Adilabad |
| District: Khanapur |
| 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 500059027.
- In this case first three codes 500 is city code and it represents city Adilabad.
- Next three characters 059 represents bank The South Indian Bank Ltd.
- Remaining characters which are 027 represents branch. In our case branch is located at address D. No. 4-1, Khanapur Village, Rajendra Nagar Mandal, Hyderabad-500075 R.R,. Dist., 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.