MICR Code: 470017101

Bank: Corporation Bank
IFSC Code: Corp0001768
MICR Code: 470017101
Address: In Front Of Galla Mandi,C/O Hotel Sahni, Sagar Road, Nh-26A, Bina, Sagar 470113 Madhya Pradesh
City: Sagar
District: Bina
State: Madhya Pradesh

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 470017101.

  • In this case first three codes 470 is city code and it represents city Sagar.
  • Next three characters 017 represents bank Corporation Bank.
  • Remaining characters which are 101 represents branch. In our case branch is located at address In Front Of Galla Mandi,C/O Hotel Sahni, Sagar Road, Nh-26A, Bina, Sagar 470113 Madhya Pradesh.

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.