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Know about IFSC and MICR codes


  1. IFSC code meansIndian Financial System Code. IFSC code is being used
  2. as the address code in one user to another user. RTGS and NEFT
  3. payment system of Reserve Bank of India (RBI) use these codes.

 IFSC code consists of 11 Characters identified as under
 (Lets take an
example of SBI, Madhapur Hyderabad):-
  1. First 4 digits show the Identity of the bank. i.e. SBIN
  2. 5th digits in default as ZERO (for future use) i.e. 0
  3. Last 6 Characters display the Branch Identity. i.e. 004187

So, IFSC code for SBI, Madhapur in Hyderabad is SBIN-0-004187.
 IFSC (Indian Financial System Code) is excellent unique code for
International electronic payment system


  1. MICR code means Magnetic Ink Character Recognition code which contains 9 digits, like 380002006 appearing at the bottom of the cheque,
  2. following the cheque number.Each Bank Branch has a unique MICR code.
  3. One wonders what these codes are and how to make it easy to remember our branch code. 
  4. If you are able to understand the code, it becomes easy to remember your Bank Branch MICR code.

  1. First three digits of the code display the city and is derived from
  2. first 3 character of PIN (PostalIndex Number) mentioned in the address
  3. of the Branch.
For example PIN code of Hyderabad, Madhapur is 500081;
therefore first three digits of MICR code will be 500.

Digit 4, 5&6 display the bank codes allotted to each bank by Reserve
Bank of India. For example State Bank of India has been allotted
Six digits of MICR code will become 500002

Digit 7, 8 and 9 display the Bank Branch Codes allotted to each
branches of bank.
For Example SBI, Madhapur , Hyderabad 500081 branch
has been allotted code no. 072.
Therefore 9 digits of MICR code of State Bank of India, Madhapur(Hi
Tech), Hyderabad- 500081 will be 500-002-072
 i.e. City PIN Code + Bank Code +Branch Code

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