MICR Code: 403072004

Bank: Development Credit Bank Ltd
IFSC Code: Dcbl0000057
MICR Code: 403072004
Address: Rijim Plaza , Opp. Poshak, Nr Bardez Bazar, Mapusa, Goa.403507
City: North Goa
District: North Goa
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 403072004.

  • In this case first three codes 403 is city code and it represents city North Goa.
  • Next three characters 072 represents bank Development Credit Bank Ltd.
  • Remaining characters which are 004 represents branch. In our case branch is located at address Rijim Plaza , Opp. Poshak, Nr Bardez Bazar, Mapusa, Goa.403507.

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.