Quick summary✔ RBI data Last synced · release v2.0.62
MICR code 584877501 belongs to IDBI, Sriramanagar Pattana Sahakara Bank Ni Sriramanagar branch in Koppal, Karnataka. The matching IFSC code is IBKL01543SR.
How to read MICR 584877501
584: the city code. It usually follows the first digits of the area's PIN code; here it is Koppal.
877: the bank code, the same for every branch of IDBI in cheque clearing.
501: 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 (IBKL01543SR 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 584877501 belong to?
IDBI, Sriramanagar Pattana Sahakara Bank Ni Sriramanagar branch (Koppal, Karnataka).
What is the IFSC code for MICR 584877501?
IBKL01543SR.
What do the digits of 584877501 mean?
584 is the city code, 877 the bank code and 501 the branch code.
