MICR Code: 416240506

Bank: HDFC Bank
IFSC Code: Hdfc0003181
MICR Code: 416240506
Address: Hdfc Bank Ltd., 988-3, Zenda Chowk, Alas, Tal.- Shirol, Dist.- Kolhapur, Kolhapur Maharashtra 416104
City: Kolhapur
District: Shirol
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 416240506.

  • In this case first three codes 416 is city code and it represents city Kolhapur.
  • Next three characters 240 represents bank HDFC Bank.
  • Remaining characters which are 506 represents branch. In our case branch is located at address Hdfc Bank Ltd., 988-3, Zenda Chowk, Alas, Tal.- Shirol, Dist.- Kolhapur, Kolhapur Maharashtra 416104.

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.