MICR Code: 416013573

Bank: Bank of India
IFSC Code: Bkid0001449
MICR Code: 416013573
Address: House No. 487 (I), Somwar Peth, Malvantal. Malvan, Dist Sindhudurg
City: Malvan (Dist Sindhudurg)
District: Malvan (Dist Sindhudurg)
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 416013573.

  • In this case first three codes 416 is city code and it represents city Malvan (Dist Sindhudurg).
  • Next three characters 013 represents bank Bank of India.
  • Remaining characters which are 573 represents branch. In our case branch is located at address House No. 487 (I), Somwar Peth, Malvantal. Malvan, 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.