MICR Code: 457014001

Bank: Bank of Maharashtra
IFSC Code: Mahb0000427
MICR Code: 457014001
Address: 115, Station Road Ratlam. District Ratlam
City: Ratlam
District: Ratlam
State: Madhya 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 457014001.

  • In this case first three codes 457 is city code and it represents city Ratlam.
  • Next three characters 014 represents bank Bank of Maharashtra.
  • Remaining characters which are 001 represents branch. In our case branch is located at address 115, Station Road Ratlam. District Ratlam.

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.