MICR Code in Cheque Book


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Let me share an interesting episode which happened with a dear friend of mine. She wanted to send some information regarding a cheque to an acquaintance. She was quite stumped when she was asked for the MICR code. after much eye-rolls and the “typical woman” looks, she was explained what that particular code is.

To all my uninitiated women-friends, let me give you the one-on-one of this cryptic code that eludes the most savvy and outgoing of all women.

MICR – Stands for Magnetic Ink Character Recognition is Magnetic Ink Barcode Printed on the bottom of  Bank’s cheque leaves.

It is unique system used by the Bank for cheque clearing and Every bank has unique MICR Code.

MICR Code has 9 digits and Each three digits in code signifies the information about
  1. City
  2. Bank Name
  3. Bank  Branch Code

Example:  MICR Code No. 560015005

  1. 560 – Represents  City Name [Bangalore]
  2. 015 – Represents Bank Name [Canara Bank]
  3. 005 – Represents Bank Branch Code [Avenue Road Branch]

For further details visit

http://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=2009

Happy Banking!!

VG
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7 thoughts on “MICR Code in Cheque Book

  1. Hi, liked the blog. Short and simple to understand with the touch of good conceptualization and style from not so “typical women”. Great going, hope to see more soon. All the best 🙂

    • Hi Ratika,

      Thanks for your Comment. Your the first one to comment on my blogs.

      These comments motivates me to write on very interesting topics.

      With Regards
      Vijayalakshmi G M

  2. IFSC codes are maintained by RBI (Reserve Bank of India) and it has complete list of all the branches of all the banks that provide online fund transfer facility to their customers.

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