MICR Code: 431053002
| Bank: Karur Vysya Bank Limited |
| IFSC Code: Kvbl0002116 |
| MICR Code: 431053002 |
| Address: Flat No.1 & 2 Deepa Apartment, Next To Spencer's Daily Savarkar Chowk, Samarth Nagar, Aurangabad-431001 |
| City: Aurangabad |
| District: Aurangabad |
| 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 431053002.
- In this case first three codes 431 is city code and it represents city Aurangabad.
- Next three characters 053 represents bank Karur Vysya Bank Limited.
- Remaining characters which are 002 represents branch. In our case branch is located at address Flat No.1 & 2 Deepa Apartment, Next To Spencer's Daily Savarkar Chowk, Samarth Nagar, Aurangabad-431001.
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.