MICR Code: 416328007
| Bank: Punjab and Maharashtra Cooperative Bank Ltd |
| IFSC Code: Pmcb0000211 |
| MICR Code: 416328007 |
| Address: Kit College Gokul Shirgaon Taluka Karveer Dist Kolhapur 416234 |
| City: Kolhapur |
| District: Kolhapur |
| 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 416328007.
- In this case first three codes 416 is city code and it represents city Kolhapur.
- Next three characters 328 represents bank Punjab and Maharashtra Cooperative Bank Ltd.
- Remaining characters which are 007 represents branch. In our case branch is located at address Kit College Gokul Shirgaon Taluka Karveer Dist Kolhapur 416234.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.