MICR Code: 416012005

Bank: Bank of Baroda
IFSC Code: Barb0taraba
MICR Code: 416012005
Address: Sayantara Complex, E Ward, Near Vivekanand College, Kolhapur, Maharashtra ┬Û 461 003
City: Taraba
District: Taraba
State: Maharashtra

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 416012005.

  • In this case first three codes 416 is city code and it represents city Taraba.
  • Next three characters 012 represents bank Bank of Baroda.
  • Remaining characters which are 005 represents branch. In our case branch is located at address Sayantara Complex, E Ward, Near Vivekanand College, Kolhapur, Maharashtra ┬Û 461 003.

The easiest way to find MICR code is to check your

  1. Bank account statement
  2. Cheques

Please examine below sample cheque for more details

I hope this clears doubts.