MICR Code: 416312002
| Bank: G P Parsik Bank |
| IFSC Code: Pjsb0000203 |
| MICR Code: 416312002 |
| Address: Shop No 1 2 Ground Flr Damodar Hieghts Bldg Cs No.2026 1 8 Th Lane Rajarampuri E Ward Kolhapur 416008 |
| 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 416312002.
- 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 002 represents branch. In our case branch is located at address Shop No 1 2 Ground Flr Damodar Hieghts Bldg Cs No.2026 1 8 Th Lane Rajarampuri E Ward Kolhapur 416008.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.