MICR Code: 423014004

Bank: Bank of Maharashtra
IFSC Code: Mahb0001177
MICR Code: 423014004
Address: Hotel Sai- Sanjivani, Tal Rahata
City: Ahmadnagar
District: Shirdi
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 423014004.

  • In this case first three codes 423 is city code and it represents city Ahmadnagar.
  • Next three characters 014 represents bank Bank of Maharashtra.
  • Remaining characters which are 004 represents branch. In our case branch is located at address Hotel Sai- Sanjivani, Tal Rahata.

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.