MICR Code: 491017101

Bank: Corporation Bank
IFSC Code: Corp0001318
MICR Code: 491017101
Address: Court Road, Dongargarh - 491 445
City: Rajnandgaon
District: Dongargarh
State: Chandigarh

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 491017101.

  • In this case first three codes 491 is city code and it represents city Rajnandgaon.
  • Next three characters 017 represents bank Corporation Bank.
  • Remaining characters which are 101 represents branch. In our case branch is located at address Court Road, Dongargarh - 491 445.

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.