MICR Code: 400077012
| Bank: Saraswat Cooperative Bank Ltd |
| IFSC Code: Srcb0kns012 |
| MICR Code: 400077012 |
| Address: Balram Nivas, Near Ashish Cinema, Laxmi Colony, Chembur, Mumbai 400 074 |
| City: Mumbai |
| District: Mumbai |
| 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 400077012.
- In this case first three codes 400 is city code and it represents city Mumbai.
- Next three characters 077 represents bank Saraswat Cooperative Bank Ltd.
- Remaining characters which are 012 represents branch. In our case branch is located at address Balram Nivas, Near Ashish Cinema, Laxmi Colony, Chembur, Mumbai 400 074.
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.