MICR code
402013520
Bank of India, Poladpur
- Bank
- Bank of India
- Branch
- Poladpur
- IFSC
- BKID0001203
- Address
- POLADPURDISTRICT RAIGAD
- City
- Poladpur Dist Raigad
- District
- Poladpur Dist Raigad
- State
- Maharashtra
- City code
- 402
- Bank code
- 013
- Branch code
- 520
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- 402013520
MICR code · Poladpur Dist Raigad
MICR code 402013520
✔ Verified in RBI list
How to read MICR 402013520
- 402: the city code. It usually follows the first digits of the area's PIN code; here it is Poladpur Dist Raigad.
- 013: the bank code, the same for every branch of Bank of India in cheque clearing.
- 520: the branch code within that city and bank.
The MICR is printed in magnetic ink at the bottom of every cheque leaf, between the cheque number and your account ID. Clearing houses read it under the Cheque Truncation System (CTS) to route the cheque to the right branch. It is not needed for NEFT, RTGS, IMPS or UPI, which use the IFSC (BKID0001203 for this branch).
Before you deposit or write a cheque
- Check that the MICR on the cheque matches the branch printed at the top of the leaf.
- Use a CTS-2010 cheque; older formats are no longer cleared.
- Write in blue or black ink and do not overwrite on the MICR band; changes can make the cheque bounce.
Frequently asked questions
Which bank does MICR 402013520 belong to?
Bank of India, Poladpur branch (Poladpur Dist Raigad, Maharashtra).
What is the IFSC code for MICR 402013520?
BKID0001203.
What do the digits of 402013520 mean?
402 is the city code, 013 the bank code and 520 the branch code.