We are only conducting Seminars to make Professional Traders. Join Now for Hyderabad and Chennai Seminar.

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

You can get more info on subject by searching on Google with following keywords and phrases which are as listed below:

MICR code HDFC Bank, MICR code ICICI Bank, what is micr code in demand draft, what is swift code, what is micr code on cheque, what is micr code icici bank, what is micr code of axis bank, what is micr code in dd, what is micr code and ifsc code

Most Visited Stocks - Click to Visit Link

SEE WHAT OUR SUBSCRIBERS SAY !!

"First off all, I just want to say that your service is excellent – by far the best tips service I have encountered and quality of your Jackpot tips is really good and noticed that now I am getting daily profit. I can say that it makes a difference to choose the correct tips provider and it was my luck that I stumbled on your website."

- Rajesh

WELCOME TO SMART INVESTOR FAMILY

We Compliment you for becoming a part of mega family of more than 12 Lakh Smart Traders who are getting benefitted with our services worldwide. We assure You that we will deliver more than what we promise. Do remember to leave questions and Feedback. Your Success is Guaranteed with us!

You can Contact us through Contact Box provided on website or Email at info@indian-share-tips.com. You can make Online Payment through Payment Gateway installed on the website as we offer you the highest standard of security currently available on the Net so as to ensure that your online transaction is Private, Safe and Secure.

 
We Teach and Train our Clients as we want to make sure that clients trade in market as a thorough professional. Charges if any being paid by you are for the teaching and training. We do not provide any stock tips. Your joining is subject to acceptance of our terms and Disclaimer for which link is given on the site at bottom right hand corner. Wherever the word tip is written; it implies an idea which is of informational value and is not suitable for trading. Trade ideas if any are for educational purpose only. We are conducting Seminars to make Professional Traders. Join Now for Bangalore, Chennai and Hyderabad. Leave query through contact form.
Chart> Nifty A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9