MICR Code: 431059003

Bank: The South Indian Bank Ltd
IFSC Code: Sibl0000519
MICR Code: 431059003
Address: Plot No.7-10, Town Centre, Sector-N1 Cidco,201-203, Akshaydeep Plaza, Near Cidco Bus Stand, Aurangabad
City: Aurangabad
District: Aurangabad
State: Maharashtra

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 431059003.

  • In this case first three codes 431 is city code and it represents city Aurangabad.
  • Next three characters 059 represents bank The South Indian Bank Ltd.
  • Remaining characters which are 003 represents branch. In our case branch is located at address Plot No.7-10, Town Centre, Sector-N1 Cidco,201-203, Akshaydeep Plaza, Near Cidco Bus Stand, Aurangabad.

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.