MICR Code: 571574502

Bank: Tumkur Grain Merchants Cooperative Bank Ltd
IFSC Code: Tgmb0000024
MICR Code: 571574502
Address: 2 Nd Cross Ward No 19 Ashoknagar Mandya 571401
City: Mandya
District: Mandya
State: Karnataka

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 571574502.

  • In this case first three codes 571 is city code and it represents city Mandya.
  • Next three characters 574 represents bank Tumkur Grain Merchants Cooperative Bank Ltd.
  • Remaining characters which are 502 represents branch. In our case branch is located at address 2 Nd Cross Ward No 19 Ashoknagar Mandya 571401.

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.