MICR Code: 416013570

Bank: Bank of India
IFSC Code: Bkid0001465
MICR Code: 416013570
Address: Laxmi Complex, Opp Nutt Vachanalaya, Po Banda, Tal. Sawantwadi, Dist Sindhudurg
City: Banda (Tal Sawantwadi, Dist Ratnagiri)
District: Banda (Tal Sawantwadi, Dist Ratnagiri)
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 416013570.

  • In this case first three codes 416 is city code and it represents city Banda (Tal Sawantwadi, Dist Ratnagiri).
  • Next three characters 013 represents bank Bank of India.
  • Remaining characters which are 570 represents branch. In our case branch is located at address Laxmi Complex, Opp Nutt Vachanalaya, Po Banda, Tal. Sawantwadi, Dist Sindhudurg.

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.