MICR Code in Banking & Importance of MICR COde on Cheque

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by: Admin

Find out the importance of MICR Code in Banking sector and why it is used on cheque…

Banking codes are essential for a lot of reasons such as to ensure proper payment transactions to be completed. But when it comes to transactions that involve cheques then the way banks can ensure legitimacy is by tracking the MICR code.


MICR full form is Magnetic Ink Character Recognition Technology which is an advanced printing technique that allows checks to be embedded with the 9digit MICR code. The 9digit MICR code is unique to each bank and their particular branch which is involved in the Electronic Clearing System (ECS).


MICR Code on Cheque

Now you know the full form and the code about MICR code but you might have a question why banks have MICR code right?

The reason is simple: original cheques from each bank branch of a particular city can be identified easily and this ensures originality of the cheque as well. It is located at the bottom of the cheque for exact and quick identification.

Now, the cheque has 9digit code which is translate into

  • First 3 digits are the city code
  • Second 3 digits are the bank code
  • Last 3 digits are the branch code

What is the MICR code of my bank?

You will be able to find the MICR code of your bank from your check or else from the front of your passbook.

Is MICR code the same as IFSC?

No, IFSC code is used for online transactions whereas MICR code is cheque.

What is the MICR code example?

An example for DBS bank MICR code is 400641002, where 400 is the city code, 641 is the bank for DBS and 002 is the branch code.

How do I find my MICR code on a check?

You can find MICR code on a check at the bottom of the cheque beside the cheque number.

Disclaimer: Above the above published information is only for reference purpose. For any changes in the content, we refer to visit the concerned official website, and we are not responsible for anything.

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