MICR Code: 415014060

Bank: Bank of Maharashtra
IFSC Code: Mahb0000996
MICR Code: 415014060
Address: Jadhav Niwas At & Post Varkute Malwadi Tal Man Dist Satara
City: Satara
District: Varkute Malavadi
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 415014060.

  • 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 060 represents branch. In our case branch is located at address Jadhav Niwas At & Post Varkute Malwadi Tal Man Dist Satara.

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.