MICR Code: 416013504

Bank: Bank of India
IFSC Code: Bkid0000913
MICR Code: 416013504
Address: Balkrishna Niwas, Near S.T. Standradhanagiri, Dist Kolhapur
City: Radhanagari (Dist Kolhapur)
District: Radhanagari (Dist Kolhapur)
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 416013504.

  • In this case first three codes 416 is city code and it represents city Radhanagari (Dist Kolhapur).
  • Next three characters 013 represents bank Bank of India.
  • Remaining characters which are 504 represents branch. In our case branch is located at address Balkrishna Niwas, Near S.T. Standradhanagiri, Dist Kolhapur.

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.