MICR Code: 480183001

Bank: Nagpur Nagrik Sahakari Bank Ltd
IFSC Code: Ngsb0000029
MICR Code: 480183001
Address: Palika Market, Itwari Bazar
City: Nagpur
District: Chindwara
State: Madhya Pradesh

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 480183001.

  • In this case first three codes 480 is city code and it represents city Nagpur.
  • Next three characters 183 represents bank Nagpur Nagrik Sahakari Bank Ltd.
  • Remaining characters which are 001 represents branch. In our case branch is located at address Palika Market, Itwari Bazar.

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.