MICR Code: 306700040

Bank: The Rajasthan State Cooperative Bank Ltd
IFSC Code: Rscb0029021
MICR Code: 306700040
Address: Near Gram Panchayat Pipliyakala Pali Marwar 306307
City: Pali
District: Pali
State: Rajasthan

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 306700040.

  • In this case first three codes 306 is city code and it represents city Pali.
  • Next three characters 700 represents bank The Rajasthan State Cooperative Bank Ltd.
  • Remaining characters which are 040 represents branch. In our case branch is located at address Near Gram Panchayat Pipliyakala Pali Marwar 306307.

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.