MICR Code: 580026503
| Bank: Union Bank of India |
| IFSC Code: Ubin0547018 |
| MICR Code: 580026503 |
| Address: Bazar Road, Laxmeshwar, Dist. Gagad, Karnataka, Pin - 582 116. |
| City: Gadak |
| District: Laxmeshwar |
| 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 580026503.
- In this case first three codes 580 is city code and it represents city Gadak.
- Next three characters 026 represents bank Union Bank of India.
- Remaining characters which are 503 represents branch. In our case branch is located at address Bazar Road, Laxmeshwar, Dist. Gagad, Karnataka, Pin - 582 116..
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.