MICR Code: 400088097

Bank: Saraswat Cooperative Bank Ltd
IFSC Code: Srcb0000199
MICR Code: 400088097
Address: Shreeji Balaji, Swami Nityanand Road, Near Pioneer Society, Panvel-410206
City: Raigad
District: Panvel
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 400088097.

  • In this case first three codes 400 is city code and it represents city Raigad.
  • Next three characters 088 represents bank Saraswat Cooperative Bank Ltd.
  • Remaining characters which are 097 represents branch. In our case branch is located at address Shreeji Balaji, Swami Nityanand Road, Near Pioneer Society, Panvel-410206.

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.