MICR Code: 431570503
| Bank: Maharashtra Gramin Bank |
| IFSC Code: Mahg0005109 |
| MICR Code: 431570503 |
| Address: At Ladsavangi Tq Dist Aurangabad |
| City: Aurangabad |
| District: Ladsavangi |
| 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 431570503.
- 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 503 represents branch. In our case branch is located at address At Ladsavangi Tq Dist Aurangabad.
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.