MICR Code: 415240518

Bank: HDFC Bank
IFSC Code: Hdfc0009056
MICR Code: 415240518
Address: Ground Floor Padmavati Complexcsn 656 57 Juni Peth Gandhi Chowk Lonand Lonand Maharashtra415521
City: Satara
District: Lonand
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 415240518.

  • In this case first three codes 415 is city code and it represents city Satara.
  • Next three characters 240 represents bank HDFC Bank.
  • Remaining characters which are 518 represents branch. In our case branch is located at address Ground Floor Padmavati Complexcsn 656 57 Juni Peth Gandhi Chowk Lonand Lonand Maharashtra415521.

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.