MICR Code: 418014001

Bank: Bank of Maharashtra
IFSC Code: Mahb0000218
MICR Code: 418014001
Address: Pansare Bldg Main Road, Tal Khandala 412801
City: Satara
District: Shirwal
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 418014001.

  • In this case first three codes 418 is city code and it represents city Satara.
  • Next three characters 014 represents bank Bank of Maharashtra.
  • Remaining characters which are 001 represents branch. In our case branch is located at address Pansare Bldg Main Road, Tal Khandala 412801.

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.