MICR Code: 523014002

Bank: Bank of Maharashtra
IFSC Code: Mahb0001527
MICR Code: 523014002
Address: G 12, Eishwarya Apartments, Door No 24-1-20M, Opp District Court, Ongole - 523001
City: Prakasam
District: Ongole
State: Andhra Pradesh

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 523014002.

  • In this case first three codes 523 is city code and it represents city Prakasam.
  • Next three characters 014 represents bank Bank of Maharashtra.
  • Remaining characters which are 002 represents branch. In our case branch is located at address G 12, Eishwarya Apartments, Door No 24-1-20M, Opp District Court, Ongole - 523001.

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.