MICR code
587697068
Karnataka Gramin Bank, Lokapur
- Bank
- Karnataka Gramin Bank
- Branch
- Lokapur
- IFSC
- PKGB0013418
- Address
- MUDHOL TQ,BAGALKOTE DIST
- City
- Bagalkote
- District
- Lokapur
- State
- Karnataka
- City code
- 587
- Bank code
- 697
- Branch code
- 068
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- 587697068
MICR code · Bagalkote
MICR code 587697068
✔ Verified in RBI list
How to read MICR 587697068
- 587: the city code. It usually follows the first digits of the area's PIN code; here it is Bagalkote.
- 697: the bank code, the same for every branch of Karnataka Gramin Bank in cheque clearing.
- 068: 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 (PKGB0013418 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 587697068 belong to?
Karnataka Gramin Bank, Lokapur branch (Bagalkote, Karnataka).
What is the IFSC code for MICR 587697068?
PKGB0013418.
What do the digits of 587697068 mean?
587 is the city code, 697 the bank code and 068 the branch code.