MICR Code: 416014503

Bank: Bank of Maharashtra
IFSC Code: Mahb0000211
MICR Code: 416014503
Address: 666 Gram Pachayat Building Main Road Redi Tal Vengurla - 416517
City: Sindhudurg
District: Redi
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 416014503.

  • 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 503 represents branch. In our case branch is located at address 666 Gram Pachayat Building Main Road Redi Tal Vengurla - 416517.

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.