MICR Code: 431570534

Bank: Maharashtra Gramin Bank
IFSC Code: Mahg0005214
MICR Code: 431570534
Address: At Badnapur Tq Dist Jalna
City: Jalna
District: Badnapur
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 431570534.

  • In this case first three codes 431 is city code and it represents city Jalna.
  • Next three characters 570 represents bank Maharashtra Gramin Bank.
  • Remaining characters which are 534 represents branch. In our case branch is located at address At Badnapur Tq Dist Jalna.

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.