MICR Code: 415014199

Bank: Bank of Maharashtra
IFSC Code: Mahb0001570
MICR Code: 415014199
Address: Jeevan Tara Bldg., Opp. Collector Office, Satara - 415001
City: Satara
District: Satara
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 415014199.

  • In this case first three codes 415 is city code and it represents city Satara.
  • Next three characters 014 represents bank Bank of Maharashtra.
  • Remaining characters which are 199 represents branch. In our case branch is located at address Jeevan Tara Bldg., Opp. Collector Office, Satara - 415001.

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.