MICR Code: 481010501
| Bank: Allahabad Bank |
| IFSC Code: Alla0210899 |
| MICR Code: 481010501 |
| Address: Vill. & P.O. Damoh Tehsil - Baihar, Dist. Balaghat - 481 051, Madhya Pradesh |
| City: Balaghat |
| District: Baihar |
| State: Madhya Pradesh |
MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.
Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.
Let's decode MICR code 481010501.
- In this case first three codes 481 is city code and it represents city Balaghat.
- Next three characters 010 represents bank Allahabad Bank.
- Remaining characters which are 501 represents branch. In our case branch is located at address Vill. & P.O. Damoh Tehsil - Baihar, Dist. Balaghat - 481 051, Madhya Pradesh.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.