MICR Code: 416013577

Bank: Bank of India
IFSC Code: Bkid0001621
MICR Code: 416013577
Address: Chitale Dairy Campus A/P Bhilwadi Stationtaluka - Palus
City: Sangli
District: Sangli
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 416013577.

  • In this case first three codes 416 is city code and it represents city Sangli.
  • Next three characters 013 represents bank Bank of India.
  • Remaining characters which are 577 represents branch. In our case branch is located at address Chitale Dairy Campus A/P Bhilwadi Stationtaluka - Palus.

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.