MICR Code: 431811507

Bank: The Shamrao Vithal Cooperative Bank Ltd
IFSC Code: Svcb0023011
MICR Code: 431811507
Address: Near Shri Mahadev Mandir, Main Road, Hadgaon- 431712
City: Nanded
District: Hadgaon
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 431811507.

  • In this case first three codes 431 is city code and it represents city Nanded.
  • Next three characters 811 represents bank The Shamrao Vithal Cooperative Bank Ltd.
  • Remaining characters which are 507 represents branch. In our case branch is located at address Near Shri Mahadev Mandir, Main Road, Hadgaon- 431712.

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.