MICR Code: 400086023

Bank: NKGSB Cooperative Bank Ltd
IFSC Code: Nkgs0000029
MICR Code: 400086023
Address: Centre Point, Unit No 10, Dr. Babasaheb Ambedkar Road, Opp. Bharatmata Talkies, Parel, Mumbai 400 012.
City: Mumbai
District: Mumbai
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 400086023.

  • In this case first three codes 400 is city code and it represents city Mumbai.
  • Next three characters 086 represents bank NKGSB Cooperative Bank Ltd.
  • Remaining characters which are 023 represents branch. In our case branch is located at address Centre Point, Unit No 10, Dr. Babasaheb Ambedkar Road, Opp. Bharatmata Talkies, Parel, Mumbai 400 012..

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.