MICR code
480653523
Bank of India, Mpgb Parasiya
- Bank
- Bank of India
- Branch
- Mpgb Parasiya
- IFSC
- BKID0MG8026
- Address
- POPARASIA TEHPARASIDISTTCHHINDWARA
- City
- Chhindwara
- District
- Chhindwara
- State
- Madhya Pradesh
- City code
- 480
- Bank code
- 653
- Branch code
- 523
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MICR code · Chhindwara
MICR code 480653523
✔ Verified in RBI list
How to read MICR 480653523
- 480: the city code. It usually follows the first digits of the area's PIN code; here it is Chhindwara.
- 653: the bank code, the same for every branch of Bank of India in cheque clearing.
- 523: 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 (BKID0MG8026 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 480653523 belong to?
Bank of India, Mpgb Parasiya branch (Chhindwara, Madhya Pradesh).
What is the IFSC code for MICR 480653523?
BKID0MG8026.
What do the digits of 480653523 mean?
480 is the city code, 653 the bank code and 523 the branch code.