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What is MICR code in bank account?

DNBC Team DNBC Team

Apr 12, 2023

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If you are a regular user of cheques, you might have noticed a series of numbers and symbols printed at the bottom of each cheque leaf. These are known as MICR codes, and they play an important role in the banking system.

We will explain what is MICR code in bank account, where can you find it in this article.

What is MICR code in bank account?

The MICR (Magnetic Ink Character Recognition) code plays an important role in ensuring the security and efficiency of the banking system. It helps to prevent fraud by verifying the authenticity of checks and other financial instruments, and it enables banks to process transactions quickly and accurately.

It also helps in reducing errors and frauds in cheque processing. Therefore, it is advisable to know the MICR code of your bank and branch and keep it handy for future reference.

MICR is a technology that uses magnetic ink to print characters on paper documents that can be read by special machines called MICR readers.

These readers capture the information encoded in the MICR code and use it to process transactions such as check clearing and fund transfers.

What is MICR code in bank account?

What is MICR code in bank account?

Each bank branch has a unique MICR code that identifies its location and routing information.

MICR codes are used to identify and verify the authenticity of checks and other financial documents.

A MICR code is a nine-digit code that consists of three parts:

  • The first three digits represent the city or pin code where the bank branch is located.
  • The next three digits represent the bank code or name.
  • The last three digits represent the branch code or number.

For example, the MICR code for the Fort branch of DBS Bank in Mumbai is 400641002, where:

  • 400 is the city code for Mumbai
  • 641 is the bank code for DBS Bank
  • 002 is the branch code for Fort branch

Where can I find MICR code of bank?

There are different ways to find the MICR code of a bank.

  1. Check the bottom of your bank check: Look at the cheque book or the passbook issued by the bank. The MICR code is usually printed on the bottom left corner of a cheque or a passbook.
  2. Visit the bank website: Most banks have their MICR code listed on their website. You can visit the bank website and search for the MICR code.
  3. Contact the bank: If you cannot find the MICR code on your check or bank website, you can call the bank’s customer service center and ask for the MICR code.
  4. Use a MICR code search engine: There are several online MICR code search engines available where you can enter the bank name, branch location and other details to find the MICR code.

It is important to ensure that the MICR code is entered correctly when filling out a check or making a fund transfer. Errors or discrepancies in the MICR code can lead to delays or even rejection of the transaction. Therefore, it is advisable to double-check the MICR code before initiating any transaction to avoid any inconvenience or delay.

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Note: The content in this article is for general informative purposes only. You should conduct your own research or ask for specialist advice before making any financial decisions. All information in this article is current as of the date of publication, and DNBC Financial Group reserves the right to modify, add, or remove any information. We don’t provide any express or implied representations, warranties, or guarantees regarding the accuracy, completeness, or currency of the content within this publication.