MICR Code: 400312016

Bank: G P Parsik Bank
IFSC Code: Pjsb0000016
MICR Code: 400312016
Address: Shivsamarth Sahakari Pathpedhi Ltd, Ground Floor Plot No 23A Sector 5 Airoli 400708
City: Thane
District: Airoli
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 400312016.

  • In this case first three codes 400 is city code and it represents city Thane.
  • Next three characters 312 represents bank G P Parsik Bank.
  • Remaining characters which are 016 represents branch. In our case branch is located at address Shivsamarth Sahakari Pathpedhi Ltd, Ground Floor Plot No 23A Sector 5 Airoli 400708.

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.