What is MICR Code?
MICR stands for Magnetic Ink Character Recognition. MICR Code is a
numeric code which uniquely identifies a bank branch participating in the ECS Credit
scheme. MICR code consists of 9 digits e.g 400229128
The MICR Code allotted to a bank branch is printed on the MICR band of cheque leaves
issued by bank branches. in the country. As on November 30, 2010 there are more
than 72,000 RTGS enabled bank branches.
- First 3 digits represent the city (400229128 )
- Next 3 digits represent the bank (400229128 )
- Last 3 digits represent the branch (400229128)