MICR Code: 423176301
| Bank: RBL Bank Limited |
| IFSC Code: Ratn0000111 |
| MICR Code: 423176301 |
| Address: The Ratnakar Bank Ltd, Sector 961, Nagar Manmad Highway, Shirdi, Tal- Rahata, Dist- Ahamednagar - 423109 |
| City: Ahmadnagar |
| District: Ahmadnagar |
| 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 423176301.
- In this case first three codes 423 is city code and it represents city Ahmadnagar.
- Next three characters 176 represents bank RBL Bank Limited.
- Remaining characters which are 301 represents branch. In our case branch is located at address The Ratnakar Bank Ltd, Sector 961, Nagar Manmad Highway, Shirdi, Tal- Rahata, Dist- Ahamednagar - 423109.
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.