MICR Code: 431801503

Bank: The Shamrao Vithal Cooperative Bank Ltd
IFSC Code: Svcb0009006
MICR Code: 431801503
Address: At Post Jawala Bazar-431705 Talukaaundha Nagnath, Dist Hingoli
City: Hingoli
District: Aundha Nagnath
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 431801503.

  • In this case first three codes 431 is city code and it represents city Hingoli.
  • Next three characters 801 represents bank The Shamrao Vithal Cooperative Bank Ltd.
  • Remaining characters which are 503 represents branch. In our case branch is located at address At Post Jawala Bazar-431705 Talukaaundha Nagnath, Dist Hingoli.

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.