MICR Code: 415013530
| Bank: Bank of India |
| IFSC Code: Bkid0001421 |
| MICR Code: 415013530 |
| Address: Pawar Saw Mill Building, Near New English - School Sawarde, Tal Chiplun Dist Ratnagiri |
| City: Sawarde (Maharashtra) |
| District: Sawarde (Maharashtra) |
| 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 415013530.
- In this case first three codes 415 is city code and it represents city Sawarde (Maharashtra).
- Next three characters 013 represents bank Bank of India.
- Remaining characters which are 530 represents branch. In our case branch is located at address Pawar Saw Mill Building, Near New English - School Sawarde, Tal Chiplun Dist Ratnagiri.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.