MICR Code: 403013048

Bank: Bank of India
IFSC Code: Bkid0001047
MICR Code: 403013048
Address: House No 91, Opp Harmal Panchcroshihigh School, Madhalawada, Arambol, Pernem
City: Arambol,Pernem
District: Arambol,Pernem
State: Goa

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 403013048.

  • In this case first three codes 403 is city code and it represents city Arambol,Pernem.
  • Next three characters 013 represents bank Bank of India.
  • Remaining characters which are 048 represents branch. In our case branch is located at address House No 91, Opp Harmal Panchcroshihigh School, Madhalawada, Arambol, Pernem.

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.