MICR Code: 423369502
| Bank: The Nasik Merchants Co-Op Bank Ltd |
| IFSC Code: Nmcb0000020 |
| MICR Code: 423369502 |
| Address: Main Road, A/P. Umarane, Tal.- Malegaon, Dist.- Nashik 423110 |
| City: Nasik |
| District: Umarane |
| 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 423369502.
- In this case first three codes 423 is city code and it represents city Nasik.
- Next three characters 369 represents bank The Nasik Merchants Co-Op Bank Ltd.
- Remaining characters which are 502 represents branch. In our case branch is located at address Main Road, A/P. Umarane, Tal.- Malegaon, Dist.- Nashik 423110.
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.