MICR code
416013576
Bank of India, Kotoli
- Bank
- Bank of India
- Branch
- Kotoli
- IFSC
- BKID0000948
- Address
- GAT NO827 AP KOTOLI TAL PANHALA DIST KOL
- City
- Kotoli Kolhapur
- District
- Kotoli Kolhapur
- State
- Maharashtra
- City code
- 416
- Bank code
- 013
- Branch code
- 576
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MICR code · Kotoli Kolhapur
MICR code 416013576
✔ Verified in RBI list
How to read MICR 416013576
- 416: the city code. It usually follows the first digits of the area's PIN code; here it is Kotoli Kolhapur.
- 013: the bank code, the same for every branch of Bank of India in cheque clearing.
- 576: 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 (BKID0000948 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 416013576 belong to?
Bank of India, Kotoli branch (Kotoli Kolhapur, Maharashtra).
What is the IFSC code for MICR 416013576?
BKID0000948.
What do the digits of 416013576 mean?
416 is the city code, 013 the bank code and 576 the branch code.