MICR Code: 422570198

Bank: Maharashtra Gramin Bank
IFSC Code: Mahg0004500
MICR Code: 422570198
Address: Regional Office Beed Subhash Road Beed Tq Dist Beed
City: Beed
District: Beed
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 422570198.

  • In this case first three codes 422 is city code and it represents city Beed.
  • Next three characters 570 represents bank Maharashtra Gramin Bank.
  • Remaining characters which are 198 represents branch. In our case branch is located at address Regional Office Beed Subhash Road Beed Tq Dist Beed.

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.