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  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. The Shamrao Vithal Cooperative Bank Ltd
  4. Maharashtra
  5. Sagaon
  6. Sangli
  7. MICR: 416869503

MICR Code: 416869503

Bank: The Shamrao Vithal Cooperative Bank Ltd
IFSC Code: Svcb0030004
MICR Code: 416869503
Address: Near S.T. Stand, Sagaon
City: Sangli
District: Sagaon
State: Maharashtra

What is MICR Code?

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.

Details of MICR Code

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 416869503.

  • In this case first three codes 416 is city code and it represents city Sangli.
  • Next three characters 869 represents bank The Shamrao Vithal Cooperative Bank Ltd.
  • Remaining characters which are 503 represents branch. In our case branch is located at address Near S.T. Stand, Sagaon.

How to find micr code (for example 416869503) from bank account number?

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.