MICR code
431570561
Maharashtra Gramin Bank, Kolgaon
- Bank
- Maharashtra Gramin Bank
- Branch
- Kolgaon
- IFSC
- MAHG0004523
- Address
- AT KOLGAON TQ GEORAI DIST BEED
- City
- Beed
- District
- Kolgaon
- State
- Maharashtra
- City code
- 431
- Bank code
- 570
- Branch code
- 561
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- 431570561
MICR code · Beed
MICR code 431570561
✔ Verified in RBI list
How to read MICR 431570561
- 431: the city code. It usually follows the first digits of the area's PIN code; here it is Beed.
- 570: the bank code, the same for every branch of Maharashtra Gramin Bank in cheque clearing.
- 561: 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 (MAHG0004523 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 431570561 belong to?
Maharashtra Gramin Bank, Kolgaon branch (Beed, Maharashtra).
What is the IFSC code for MICR 431570561?
MAHG0004523.
What do the digits of 431570561 mean?
431 is the city code, 570 the bank code and 561 the branch code.