MICR Code: 516703569
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 516703569.
- In this case first three codes 516 is city code and it represents city Cuddapah.
- Next three characters 703 represents bank Andhra Pragathi Grameena Bank.
- Remaining characters which are 569 represents branch. In our case branch is located at address Chinnaguruvaluru-516172 Chapadu Mandal Kadapa District.
The easiest way to find MICR code is to check your
- Bank account statement
Please examine below sample cheque for more details
I hope this clears doubts.