Quick summary✔ RBI data Last synced · release v2.0.62
MICR code 502816602 belongs to Telangana State Co-operative Apex Bank, The Medak District Co Operative Central Bank Ltd, Gajwel branch in Sangareddy, Telangana. The matching IFSC code is TSAB0017005.
How to read MICR 502816602
502: the city code. It usually follows the first digits of the area's PIN code; here it is Sangareddy.
816: the bank code, the same for every branch of Telangana State Co-operative Apex Bank in cheque clearing.
602: the branch code within that city and bank.
The MICR is printed in magnetic ink at the bottom of every cheque leaf, between the cheque number and your account ID. Clearing houses read it under the Cheque Truncation System (CTS) to route the cheque to the right branch. It is not needed for NEFT, RTGS, IMPS or UPI, which use the IFSC (TSAB0017005 for this branch).
Before you deposit or write a cheque
Check that the MICR on the cheque matches the branch printed at the top of the leaf.
Use a CTS-2010 cheque; older formats are no longer cleared.
Write in blue or black ink and do not overwrite on the MICR band; changes can make the cheque bounce.
Frequently asked questions
Which bank does MICR 502816602 belong to?
Telangana State Co-operative Apex Bank, The Medak District Co Operative Central Bank Ltd, Gajwel branch (Sangareddy, Telangana).
What is the IFSC code for MICR 502816602?
TSAB0017005.
What do the digits of 502816602 mean?
502 is the city code, 816 the bank code and 602 the branch code.
