Karnataka Gramin Bank Magadi
Magadi · Ramanagara, Karnataka
562697253 is the MICR code for the Magadi branch of Karnataka Gramin Bank, located in Ramanagara, Karnataka. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code PKGB0012183.
Bank
Karnataka Gramin Bank
Branch & Address
Magadi
Near Kalya Gate Magadi Taluk Ramanagara District
Ramanagara, Magadi, Karnataka
Contact
+918027745502MICR Code Structure
562
City
697
Bank
253
Branch
City code 562 identifies the RBI clearing centre, bank code 697 identifies Karnataka Gramin Bank, and branch code 253 identifies this specific branch.
Online Payment Methods Supported
Other Karnataka Gramin Bank branches near Ramanagara
Other banks in Ramanagara, Karnataka
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (PKGB0012183) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 562697253 is in the middle, and your account number is on the right.