MICR Code: 416014504

Bank: Bank of Maharashtra
IFSC Code: Mahb0000258
MICR Code: 416014504
Address: Opp Grampanchayat Office, A & P Ajgaon - 416510
City: Sindhudurg
District: Ajgaon
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 416014504.

  • In this case first three codes 416 is city code and it represents city Sindhudurg.
  • Next three characters 014 represents bank Bank of Maharashtra.
  • Remaining characters which are 504 represents branch. In our case branch is located at address Opp Grampanchayat Office, A & P Ajgaon - 416510.

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.