MICR Code: 431570589

Bank: Maharashtra Gramin Bank
IFSC Code: Mahg0004522
MICR Code: 431570589
Address: At Kitti Adgaon Tq Majalgaon Dist Beed
City: Beed
District: Kitti Adgaon
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 431570589.

  • In this case first three codes 431 is city code and it represents city Beed.
  • Next three characters 570 represents bank Maharashtra Gramin Bank.
  • Remaining characters which are 589 represents branch. In our case branch is located at address At Kitti Adgaon Tq Majalgaon 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.