MICR Code: 423729501

Bank: Nagar Urban Co-Operative Bank
IFSC Code: Nucb0000118
MICR Code: 423729501
Address: Nagar Manmad Road
City: Ahmadnagar
District: Rahata
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 423729501.

  • In this case first three codes 423 is city code and it represents city Ahmadnagar.
  • Next three characters 729 represents bank Nagar Urban Co-Operative Bank.
  • Remaining characters which are 501 represents branch. In our case branch is located at address Nagar Manmad Road.

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.