MICR Code: 416088503

Bank: Saraswat Cooperative Bank Ltd
IFSC Code: Srcb0000078
MICR Code: 416088503
Address: Survey No. 203, A1 / A2, House No. 23, Kankavli, Dist. Sindhudurg - 416 602.
City: Sindudurg
District: Kankavli
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 416088503.

  • In this case first three codes 416 is city code and it represents city Sindudurg.
  • Next three characters 088 represents bank Saraswat Cooperative Bank Ltd.
  • Remaining characters which are 503 represents branch. In our case branch is located at address Survey No. 203, A1 / A2, House No. 23, Kankavli, Dist. Sindhudurg - 416 602..

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.