MICR Code: 416312201

Bank: G P Parsik Bank
IFSC Code: Pjsb0000201
MICR Code: 416312201
Address: Devki Building, Adat Peth Main Road, Ichalkaranji, Dist. Kolhapur 416115
City: Kolhapur
District: Ichalkaranji
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 416312201.

  • In this case first three codes 416 is city code and it represents city Kolhapur.
  • Next three characters 312 represents bank G P Parsik Bank.
  • Remaining characters which are 201 represents branch. In our case branch is located at address Devki Building, Adat Peth Main Road, Ichalkaranji, Dist. Kolhapur 416115.

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.