MICR Code: 403088011

Bank: Saraswat Cooperative Bank Ltd
IFSC Code: Srcb0000423
MICR Code: 403088011
Address: Taramahal, Taranagar, Near Market Yard, Harvalem, Sanquelim Bicholim, Goa 403 505
City: North Goa
District: Sanquelim
State: Goa

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 403088011.

  • In this case first three codes 403 is city code and it represents city North Goa.
  • Next three characters 088 represents bank Saraswat Cooperative Bank Ltd.
  • Remaining characters which are 011 represents branch. In our case branch is located at address Taramahal, Taranagar, Near Market Yard, Harvalem, Sanquelim Bicholim, Goa 403 505.

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.