MICR Code: 403019096
| Bank: Indian Bank |
| IFSC Code: Idib000m058 |
| MICR Code: 403019096 |
| Address: Old Station Roadmargoa South Goa 403601 |
| City: South Goa |
| District: Margao |
| 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 403019096.
- In this case first three codes 403 is city code and it represents city South Goa.
- Next three characters 019 represents bank Indian Bank.
- Remaining characters which are 096 represents branch. In our case branch is located at address Old Station Roadmargoa South Goa 403601.
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.