MICR Code: 403013049

Bank: Bank of India
IFSC Code: Bkid0001048
MICR Code: 403013049
Address: Mathias House, Near Holy Cross, Bambolim, Goa
City: Bambolim(Goa)
District: Bambolim(Goa)
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 403013049.

  • In this case first three codes 403 is city code and it represents city Bambolim(Goa).
  • Next three characters 013 represents bank Bank of India.
  • Remaining characters which are 049 represents branch. In our case branch is located at address Mathias House, Near Holy Cross, Bambolim, Goa.

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.