MICR Code: 454721001
| Bank: Shivalik Mercantile Co Operative Bank Ltd |
| IFSC Code: Smcb0001006 |
| MICR Code: 454721001 |
| Address: 3B 4, Ward No.8 By 22, Opp. Dhareshwar Mandir, Mandi Samiti Road, Dhar 454001 Mp |
| City: Dhar |
| District: Dhar |
| State: Madhya Pradesh |
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 454721001.
- In this case first three codes 454 is city code and it represents city Dhar.
- Next three characters 721 represents bank Shivalik Mercantile Co Operative Bank Ltd.
- Remaining characters which are 001 represents branch. In our case branch is located at address 3B 4, Ward No.8 By 22, Opp. Dhareshwar Mandir, Mandi Samiti Road, Dhar 454001 Mp.
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.