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What is MICR Code on Cheque Book or Demand Draft (DD)?

Every now and than we are confronted with terminology of MICR in banking parlance and it stands for Magnetic Ink Character Recognition in banking terms. You require this input while submitting Income tax returns or may be if you are going for salary being credited by the employer in bulk. That is the time when these agencies ask for MICR. This code is applicable for cheques and demand draft (DD). Also you must check our credit card numbering system to understand that what does each number on credit card implies.

Facts about MICR

It is a numeric code that uniquely identifies a bank-branch.

  • Total 9 digit code to identify the location of the bank branch.
  • First 3 characters represent the city
  • Next 3 characters represent the bank
  • Last 3 characters represent the bank branch.

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]

Where can I find MICR code?

  • The list of bank branches with MICR codes is available on the website of Reserve Bank of India.
  • On Your Cheque (see below red rectangular box in image of cheque)

Cheque MICR code

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