MICR Code: 416012154

Bank: The Shamrao Vithal Cooperative Bank Ltd
IFSC Code: Svcb0030007
MICR Code: 416012154
Address: Juna Station Road, Samanth Mansion, Sangli
City: Sangli
District: Sangli
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 416012154.

  • In this case first three codes 416 is city code and it represents city Sangli.
  • Next three characters 012 represents bank The Shamrao Vithal Cooperative Bank Ltd.
  • Remaining characters which are 154 represents branch. In our case branch is located at address Juna Station Road, Samanth Mansion, Sangli.

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.