MICR Code: 416176506
| Bank: RBL Bank Limited |
| IFSC Code: Ratn0000032 |
| MICR Code: 416176506 |
| Address: The Ratnakar Bank Ltd,A/P : Burli ┬Û 416 318. Tal. : Palus, Dist. Sangli |
| City: Sangli |
| District: Sangli |
| 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 416176506.
- In this case first three codes 416 is city code and it represents city Sangli.
- Next three characters 176 represents bank RBL Bank Limited.
- Remaining characters which are 506 represents branch. In our case branch is located at address The Ratnakar Bank Ltd,A/P : Burli ┬Û 416 318. Tal. : Palus, Dist. Sangli.
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.