MICR Code: 416017153

Bank: Corporation Bank
IFSC Code: Corp0001543
MICR Code: 416017153
Address: Ground Floor, Sangli Midc, Savali Road, Savali Post, Miraj Taluk, Sangli District, Maharashtra - 416410
City: Sangli
District: Savalaj
State: Maharashtra

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 416017153.

  • In this case first three codes 416 is city code and it represents city Sangli.
  • Next three characters 017 represents bank Corporation Bank.
  • Remaining characters which are 153 represents branch. In our case branch is located at address Ground Floor, Sangli Midc, Savali Road, Savali Post, Miraj Taluk, Sangli District, Maharashtra - 416410.

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.