MICR Code: 470013101

Bank: Bank of India
IFSC Code: Bkid0009423
MICR Code: 470013101
Address: 1 St Floor, Sahu Samaj Bhavansarvodaya Chowk, Bina, Dist Sagar
City: Bina
District: Bina
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 470013101.

  • In this case first three codes 470 is city code and it represents city Bina.
  • Next three characters 013 represents bank Bank of India.
  • Remaining characters which are 101 represents branch. In our case branch is located at address 1 St Floor, Sahu Samaj Bhavansarvodaya Chowk, Bina, Dist Sagar.

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.