MICR Code: 413570622

Bank: Maharashtra Gramin Bank
IFSC Code: Mahg0004338
MICR Code: 413570622
Address: At Nalegaon Tq Chakur Dist Latur
City: Latur
District: Nalegaon
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 413570622.

  • In this case first three codes 413 is city code and it represents city Latur.
  • Next three characters 570 represents bank Maharashtra Gramin Bank.
  • Remaining characters which are 622 represents branch. In our case branch is located at address At Nalegaon Tq Chakur Dist Latur.

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.