MICR Code: 400049028

Bank: Federal Bank Ltd
IFSC Code: Fdrl0001750
MICR Code: 400049028
Address: Shop Nos.4, 5 & 6, Ground Floor, Anant Plot No.31, Sector 4, Navi Mumbai
City: Raigad
District: Kharghar
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 400049028.

  • In this case first three codes 400 is city code and it represents city Raigad.
  • Next three characters 049 represents bank Federal Bank Ltd.
  • Remaining characters which are 028 represents branch. In our case branch is located at address Shop Nos.4, 5 & 6, Ground Floor, Anant Plot No.31, Sector 4, Navi Mumbai.

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.