MICR Code: 587026503

Bank: Union Bank of India
IFSC Code: Ubin0537624
MICR Code: 587026503
Address: 1 St Floor, Gajara Bldg., Cts 204/83-84, Near Old Palace, At & Post Mudhol, Dist. Bagalkot, Karnataka, Pin - 587 313
City: Bagalkot
District: Mudhol
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 587026503.

  • In this case first three codes 587 is city code and it represents city Bagalkot.
  • 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 1 St Floor, Gajara Bldg., Cts 204/83-84, Near Old Palace, At & Post Mudhol, Dist. Bagalkot, Karnataka, Pin - 587 313.

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.