Quick summary✔ RBI data Last synced · release v2.0.62
MICR code 583801603 belongs to IDBI, The Bellary District Co Op Central Bank Ltd HO Hospet Toranagallu Branch branch in Bellary, Karnataka. The matching IFSC code is IBKL01039B4.
How to read MICR 583801603
583: the city code. It usually follows the first digits of the area's PIN code; here it is Bellary.
801: the bank code, the same for every branch of IDBI in cheque clearing.
603: 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 (IBKL01039B4 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 583801603 belong to?
IDBI, The Bellary District Co Op Central Bank Ltd HO Hospet Toranagallu Branch branch (Bellary, Karnataka).
What is the IFSC code for MICR 583801603?
IBKL01039B4.
What do the digits of 583801603 mean?
583 is the city code, 801 the bank code and 603 the branch code.
