MICR Code: 415013202

Bank: Bank of India
IFSC Code: Bkid0001480
MICR Code: 415013202
Address: Centre 1 Complex, Near Paranjape Hotelciplun- Karad Road
City: Chiplun
District: Chiplun
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 415013202.

  • In this case first three codes 415 is city code and it represents city Chiplun.
  • Next three characters 013 represents bank Bank of India.
  • Remaining characters which are 202 represents branch. In our case branch is located at address Centre 1 Complex, Near Paranjape Hotelciplun- Karad Road.

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.