MICR Code: 403017021

Bank: Corporation Bank
IFSC Code: Corp0000325
MICR Code: 403017021
Address: Govind Smruthi, Shantinagar Road, Ponda 403401
City: North Goa
District: Ponda
State: Goa

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 403017021.

  • In this case first three codes 403 is city code and it represents city North Goa.
  • Next three characters 017 represents bank Corporation Bank.
  • Remaining characters which are 021 represents branch. In our case branch is located at address Govind Smruthi, Shantinagar Road, Ponda 403401.

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.