MICR Code: 416014505

Bank: Bank of Maharashtra
IFSC Code: Mahb0001831
MICR Code: 416014505
Address: 626, Survey No. 11/3, M/P Holi ( Jaitapur), Tal- Rajapur, Dist- Ratnagiri, 415805
City: Ratnagiri
District: Rajapur
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 416014505.

  • In this case first three codes 416 is city code and it represents city Ratnagiri.
  • Next three characters 014 represents bank Bank of Maharashtra.
  • Remaining characters which are 505 represents branch. In our case branch is located at address 626, Survey No. 11/3, M/P Holi ( Jaitapur), Tal- Rajapur, Dist- Ratnagiri, 415805.

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.