MICR code
400570501
Maharashtra Gramin Bank, Mokhada
- Bank
- Maharashtra Gramin Bank
- Branch
- Mokhada
- IFSC
- MAHG0005623
- Address
- AT MOKHADA TQ DIST PALGHAR
- City
- Palghar
- District
- Mokhada
- State
- Maharashtra
- City code
- 400
- Bank code
- 570
- Branch code
- 501
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- 400570501
MICR code · Palghar
MICR code 400570501
✔ Verified in RBI list
How to read MICR 400570501
- 400: the city code. It usually follows the first digits of the area's PIN code; here it is Palghar.
- 570: the bank code, the same for every branch of Maharashtra Gramin Bank in cheque clearing.
- 501: 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 (MAHG0005623 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 400570501 belong to?
Maharashtra Gramin Bank, Mokhada branch (Palghar, Maharashtra).
What is the IFSC code for MICR 400570501?
MAHG0005623.
What do the digits of 400570501 mean?
400 is the city code, 570 the bank code and 501 the branch code.