MICR is an acronym for Magnetic Ink Character Recognition. It is a 9-digit code that is used to identify a bank branch and its location. Your MICR code can be seen printed on the cheques using Magnetic Ink Character Recognition technology. Through this technology, your cheques get speedily processed.
Just like the IFSC code, there is a unique format for the MICR code. It consists of three parts. The first three digits are associated with the city code or PIN code of the area where a particular bank resides. The consecutive three digits represent the bank code. The last three digits represent the branch code.
MICR codes are machine-readable only and are used for processing the cheques and not for online money transfer. Banks use this code for secure fund transfers.
We help to find your IFSC code, MICR code, SWIFT code, PIN code on one click. the other for their transaction purposes.