MICR Code: 388017503
| Bank: Corporation Bank |
| IFSC Code: Corp0001462 |
| MICR Code: 388017503 |
| Address: Opposite Limbda Street, Near Seva Sarkari Mandali Bhadran, Ehsil Borsar, Dist Anand 388530 |
| City: Anand |
| District: Bhadran |
| State: Gujarat |
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 388017503.
- In this case first three codes 388 is city code and it represents city Anand.
- Next three characters 017 represents bank Corporation Bank.
- Remaining characters which are 503 represents branch. In our case branch is located at address Opposite Limbda Street, Near Seva Sarkari Mandali Bhadran, Ehsil Borsar, Dist Anand 388530.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.