MICR Code: 581014202

Bank: Bank of Maharashtra
IFSC Code: Mahb0000459
MICR Code: 581014202
Address: First Floor, Raikar Manor, Kaikini Road, Karwar
City: Uttar Kannad
District: Karwar
State: Karnataka

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 581014202.

  • In this case first three codes 581 is city code and it represents city Uttar Kannad.
  • Next three characters 014 represents bank Bank of Maharashtra.
  • Remaining characters which are 202 represents branch. In our case branch is located at address First Floor, Raikar Manor, Kaikini Road, Karwar.

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.