MICR Code: 415240516

Bank: HDFC Bank
IFSC Code: Hdfc0003816
MICR Code: 415240516
Address: Near Gram Panchayat A P Koregaon Taluka Walva Dist Sangli Koregaon Maharashtra 416302
City: Sangli
District: Sangli
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 415240516.

  • In this case first three codes 415 is city code and it represents city Sangli.
  • Next three characters 240 represents bank HDFC Bank.
  • Remaining characters which are 516 represents branch. In our case branch is located at address Near Gram Panchayat A P Koregaon Taluka Walva Dist Sangli Koregaon Maharashtra 416302.

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.