MICR Code: 414088001

Bank: Saraswat Cooperative Bank Ltd
IFSC Code: Srcb0000399
MICR Code: 414088001
Address: 176-3A, Plot No 46-8, Savedi Road, Ahmednagar - 414001
City: Ahmednagar
District: Ahmednagar
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 414088001.

  • In this case first three codes 414 is city code and it represents city Ahmednagar.
  • Next three characters 088 represents bank Saraswat Cooperative Bank Ltd.
  • Remaining characters which are 001 represents branch. In our case branch is located at address 176-3A, Plot No 46-8, Savedi Road, Ahmednagar - 414001.

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.