MICR Code: 457017002

Bank: Corporation Bank
IFSC Code: Corp0001206
MICR Code: 457017002
Address: ┬ Ácorporaion Bank,80, Reliable Trade Centre, Ground Floor, Station Road, Ratlam Madhya Pradesh
City: Ratlam
District: Ratlam
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 457017002.

  • In this case first three codes 457 is city code and it represents city Ratlam.
  • Next three characters 017 represents bank Corporation Bank.
  • Remaining characters which are 002 represents branch. In our case branch is located at address ┬ Ácorporaion Bank,80, Reliable Trade Centre, Ground Floor, Station Road, Ratlam 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.