Indian Bank Hosur Karnataka
Hosur Karnataka · Bijapur, Karnataka
586019501 is the MICR code for the Hosur Karnataka branch of Indian Bank, located in Bijapur, 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 IDIB000H050.
Bank
Indian Bank
Branch & Address
Hosur Karnataka
Hosur Krishna Nagar) Near Nandi Sugar Factory Next to Gram Panchayat Office Hosur PIN 586113
Bijapur, Bijapur, Karnataka
Contact
+919449863544MICR Code Structure
586
City
019
Bank
501
Branch
City code 586 identifies the RBI clearing centre, bank code 019 identifies Indian Bank, and branch code 501 identifies this specific branch.
Online Payment Methods Supported
Other Indian Bank branches near Bijapur
Other banks in Bijapur, 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 (IDIB000H050) 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 586019501 is in the middle, and your account number is on the right.