MICR Code: 412234152
| Bank: IndusInd Bank Limited |
| IFSC Code: Indb0000830 |
| MICR Code: 412234152 |
| Address: Grd Flr Shiwankar Complex Property No 2409 Gat No 525B Khandala Shirwal 412801 Satara Mah |
| City: Satara |
| District: Shirwal |
| 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 412234152.
- In this case first three codes 412 is city code and it represents city Satara.
- Next three characters 234 represents bank IndusInd Bank Limited.
- Remaining characters which are 152 represents branch. In our case branch is located at address Grd Flr Shiwankar Complex Property No 2409 Gat No 525B Khandala Shirwal 412801 Satara Mah.
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.