MICR Code: 431369501

Bank: The Nasik Merchants Co-Op Bank Ltd
IFSC Code: Nmcb0000060
MICR Code: 431369501
Address: Gram Panchayat Milkat No.1719, Indraprastha Complex, Swarup Nagar, Lasur Station, Tal. Gangapur Dist.- Aurangabad 423702
City: Aurangabad
District: Lasur Station
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 431369501.

  • In this case first three codes 431 is city code and it represents city Aurangabad.
  • Next three characters 369 represents bank The Nasik Merchants Co-Op Bank Ltd.
  • Remaining characters which are 501 represents branch. In our case branch is located at address Gram Panchayat Milkat No.1719, Indraprastha Complex, Swarup Nagar, Lasur Station, Tal. Gangapur Dist.- Aurangabad 423702.

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.