MICR Code: 424570102

Bank: Maharashtra Gramin Bank
IFSC Code: Mahg0005502
MICR Code: 424570102
Address: At Pachora Tq Dist Jalgaon
City: Jalgaon
District: Pachora
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 424570102.

  • In this case first three codes 424 is city code and it represents city Jalgaon.
  • Next three characters 570 represents bank Maharashtra Gramin Bank.
  • Remaining characters which are 102 represents branch. In our case branch is located at address At Pachora Tq Dist Jalgaon.

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.