MICR Code: 416049002

Bank: Federal Bank Ltd
IFSC Code: Fdrl0001455
MICR Code: 416049002
Address: C.S. No.1425 C Ward Ford Corner Laxmipuri Samant Tower Kolhapur
City: Kolhapur
District: Kolhapur
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 416049002.

  • In this case first three codes 416 is city code and it represents city Kolhapur.
  • Next three characters 049 represents bank Federal Bank Ltd.
  • Remaining characters which are 002 represents branch. In our case branch is located at address C.S. No.1425 C Ward Ford Corner Laxmipuri Samant Tower Kolhapur.

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.