MICR Code: 414802002

Bank: The Shamrao Vithal Cooperative Bank Ltd
IFSC Code: Svcb0008002
MICR Code: 414802002
Address: ┬ Ôkrutarth┬Ö, Near Hotel Premdan, Savedi Road, Serve No. 176/1, Plot No. 43, Ahmednagar 414003.
City: Ahmadnagar
District: Ahmadnagar
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 414802002.

  • In this case first three codes 414 is city code and it represents city Ahmadnagar.
  • Next three characters 802 represents bank The Shamrao Vithal Cooperative Bank Ltd.
  • Remaining characters which are 002 represents branch. In our case branch is located at address ┬ Ôkrutarth┬Ö, Near Hotel Premdan, Savedi Road, Serve No. 176/1, Plot No. 43, Ahmednagar 414003..

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.