MICR Code: 242012503

Bank: Bank of Baroda
IFSC Code: Barb0bandax
MICR Code: 242012503
Address: Banda, Dist. Shahjahanpur, Uttar Pradesh - 242 402.
City: Shahjahanpur
District: Banda
State: Uttar 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 242012503.

  • In this case first three codes 242 is city code and it represents city Shahjahanpur.
  • Next three characters 012 represents bank Bank of Baroda.
  • Remaining characters which are 503 represents branch. In our case branch is located at address Banda, Dist. Shahjahanpur, Uttar Pradesh - 242 402..

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.