MADHYANCHAL GRAMIN BANK IFSC CODE Quick Search

IFSC Code

MICR Code

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What is madhyanchal gramin bank ifsc code

IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.

madhyanchal gramin bank ifsc code is a Unique code which identifies each bank branch. The main purpose of IFSC Code is to participate each bank branch in the two main payment and settlement systems in India.

1) RTGS : Real Time Gross Settlement
2) NEFT : National Electronic Fund Transfer

madhyanchal gramin bank ifsc code Format:

The IFSC Code is an 11-characters code. First four alphabetic characters ( position 1 to 4) represents BankName and Last Six charactes ( Position from 6-11) which can be alphanumeric represents Bank Branch. The fifth character is 0 (zero) which is reserved for future use.

1 2 3 4 5 6 7 8 9 10 11
Bank Code 0 Branch Code

For Example :

madhyanchal gramin bank ifsc code : SBIN0RRMBGB is 11 digit Unique IFSC Code.

First 4 characters represents Bank Code : SBIN for Bank : MADHYANCHAL GRAMIN BANK

5th character is Zero and it is reserved for future reference

Last 6 characters represents Branch Code : RRMBGB for Bank Branch SAGAR

Anatomy of a Cheque

madhyanchal gramin bank ifsc code-cheque

The above image represent cheque format which locates IFSC Code and MICR Code in Red Box

What is MICR Code for madhyanchal gramin bank

MICR code for madhyanchal gramin bank represents Magnetic Ink Character Recognition technology which is printed on cheques. This MICR Code is used for the identification of the cheques for faster processing.

MICR Code is a Unique code which identifies each bank branch. The main purpose of MICR Code is to participate each bank branch in an Electronic Clearing System (ECS).

Where is MICR Code for madhyanchal gramin bank on Cheque:

MICR Code for madhyanchal gramin bank can be found at the bottom of the cheque. As shown in above image MICR Code is shown inside Red rectangle at the bottom of the cheque.

MICR Code Format for madhyanchal gramin bank :

MICR Code for madhyanchal gramin bank is an 9-digit code. First three digits ( position 1 to 3) represents City Code, Next 3 Digits ( Position from 4-7) Bank Code and Last 3 Digits ( Position from 7-9) represents Branch Code.

1 2 3 4 5 6 7 8 9
City Code Bank Code Branch Code

For Example :

MICR Code for MADHYANCHAL GRAMIN BANK : is 9 digit Unique MICR Code.

First 3 digits represents CityCode Code : NA for City : Sagar

Middle 3 digits reprents Bank Code: NA for Bank : MADHYANCHAL GRAMIN BANK

Last 3 digits represents Branch Code : NA for Bank Branch SAGAR

All Bank IFSC Code List

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