MICR Code: 403240057

Bank: HDFC Bank
IFSC Code: Hdfc0003348
MICR Code: 403240057
Address: Hdfc Bank Ltd., H No 198-1, Deulwada, Near Paliem Panchayat, Paliem, Pernem North Goa Goa 403524
City: North Goa
District: Pernem
State: Goa

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 403240057.

  • In this case first three codes 403 is city code and it represents city North Goa.
  • Next three characters 240 represents bank HDFC Bank.
  • Remaining characters which are 057 represents branch. In our case branch is located at address Hdfc Bank Ltd., H No 198-1, Deulwada, Near Paliem Panchayat, Paliem, Pernem North Goa Goa 403524.

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.