MICR Code: 400059016
| Bank: The South Indian Bank Ltd |
| IFSC Code: Sibl0000467 |
| MICR Code: 400059016 |
| Address: Kalyan Branch, 5, 6, 7 & 8, ' Vijayant', Sawant Complex, Karnik Road, Opp. Elite Classes, Kalyan (W), Thane, Maharashtra, 421034 |
| City: Thane |
| District: Kalyan |
| 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 400059016.
- In this case first three codes 400 is city code and it represents city Thane.
- Next three characters 059 represents bank The South Indian Bank Ltd.
- Remaining characters which are 016 represents branch. In our case branch is located at address Kalyan Branch, 5, 6, 7 & 8, ' Vijayant', Sawant Complex, Karnik Road, Opp. Elite Classes, Kalyan (W), Thane, Maharashtra, 421034.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.