MICR Code: 431570642

Bank: Maharashtra Gramin Bank
IFSC Code: Mahg0004128
MICR Code: 431570642
Address: At Limbgaon Tq Nanded Dist Nanded
City: Nanded
District: Limbgaon
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 431570642.

  • In this case first three codes 431 is city code and it represents city Nanded.
  • Next three characters 570 represents bank Maharashtra Gramin Bank.
  • Remaining characters which are 642 represents branch. In our case branch is located at address At Limbgaon Tq Nanded Dist Nanded.

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.