MICR Code: 431014063

Bank: Bank of Maharashtra
IFSC Code: Mahb0001105
MICR Code: 431014063
Address: Malegaon Makta Tq Degloor Dist Nanded 431718
City: Nanded
District: Malegaon Makhata
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 431014063.

  • In this case first three codes 431 is city code and it represents city Nanded.
  • Next three characters 014 represents bank Bank of Maharashtra.
  • Remaining characters which are 063 represents branch. In our case branch is located at address Malegaon Makta Tq Degloor Dist Nanded 431718.

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.