1. Home
  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Maharashtra Gramin Bank
  4. Maharashtra
  5. Ambhai
  6. Aurangabad
  7. MICR: 431570516

MICR Code: 431570516

Bank: Maharashtra Gramin Bank
IFSC Code: Mahg0005123
MICR Code: 431570516
Address: At Ambhai Tq Dist Aurangabad
City: Aurangabad
District: Ambhai
State: Maharashtra

What is MICR Code?

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.

Details of MICR Code

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 431570516.

  • In this case first three codes 431 is city code and it represents city Aurangabad.
  • Next three characters 570 represents bank Maharashtra Gramin Bank.
  • Remaining characters which are 516 represents branch. In our case branch is located at address At Ambhai Tq Dist Aurangabad.

How to find micr code (for example 431570516) from bank account number?

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.