MICR Code: 403234005

Bank: IndusInd Bank Limited
IFSC Code: Indb0000386
MICR Code: 403234005
Address: Shop No 107( Gf2), Salsons Trade Centre, Opp. Tata Motors, Near O┬ Æcoquiero Junction, Nh-17, Panaji- Mapusa Road, Porvorim, Bardez, Goa- 403 512
City: North Goa
District: Porvorim
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 403234005.

  • In this case first three codes 403 is city code and it represents city North Goa.
  • Next three characters 234 represents bank IndusInd Bank Limited.
  • Remaining characters which are 005 represents branch. In our case branch is located at address Shop No 107( Gf2), Salsons Trade Centre, Opp. Tata Motors, Near O┬ Æcoquiero Junction, Nh-17, Panaji- Mapusa Road, Porvorim, Bardez, Goa- 403 512.

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.