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What is MICR Code ?

MICR is the short form of Magnetic Ink Character Recognition. It is a technology used for reading cheques by machines.

MICR Code

Magnetic Character Reading machines read cheques and process them within a very short time using MICR Code reading system. MICR code is a 9 digit code which includes important information about bank and branch. MICR Code is printed in special font with a magnetic ink, it usually contains iron oxide and is easily recognisable by a magnetic reader. A special magnetic reader is used to read these characters, which can be easily read by humans too. MICR Code is usually printed on the bottom strip of cheque leaf.

MICR Code

The first three digits in the MICR code represent the city in which the branch of the bank is located. In most cases it is in sync with the PIN code of the postal addresses in India. The next three digits stand for the bank code while the last three digits represent the bank branch code.

A Bank Cheque

If MICR is 110010020 the first 3 digit 110 represent NEW DELHI, 001 represent ALLAHABAD BANK and 020 is the branch code of SCINDIA HOUSE.

MICR code helps to read the cheque information faster and aid the process of clearing cheque very fast. This code helps RBI to identify the bank branch and finish the clearance process faster.

Basically the automated cheque clearance process is based on MICR Code itself. The cheque reading machine or a cheque sorting machine reads through a cheque when inserted and identifies the branch the cheque belongs to and activates the automation clearing process.

Magnetic Ink Character will help the machine to read the cheque number accurately and clearly even if the number is not clearly visible to the machine.

Since every bank branch has a unique MICR code, it not only enables identification and ease of transactions but also act as a fine tool for authentication of cheques and plays an important role in securing the account of an individual in a branch.

List of Banks with MICR Code

ABU DHABI COMMERCIAL BANK

ABHYUDAYA COOPERATIVE BANK LIMITED

AHMEDABAD MERCANTILE COOPERATIVE BANK

AKOLA JANATA COMMERCIAL COOPERATIVE BANK

ALLAHABAD BANK

ALMORA URBAN COOPERATIVE BANK LIMITED

ANDHRA BANK

ANDHRA PRAGATHI GRAMEENA BANK

APNA SAHAKARI BANK LIMITED

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

AXIS BANK

BANDHAN BANK LIMITED

BANK OF AMERICA

BANK OF BAHARAIN AND KUWAIT BSC

BANK OF BARODA

BANK OF CEYLON

BANK OF INDIA

BANK OF MAHARASHTRA

BANK OF TOKYO MITSUBISHI LIMITED

BARCLAYS BANK

BASSEIN CATHOLIC COOPERATIVE BANK LIMITED

BHARAT COOPERATIVE BANK MUMBAI LIMITED

BHARATIYA MAHILA BANK LIMITED

B N P PARIBAS

CANARA BANK

CAPITAL SMALL FINANCE BANK LIMITED

CATHOLIC SYRIAN BANK LIMITED

CENTRAL BANK OF INDIA

CHINATRUST COMMERCIAL BANK LIMITED

CITI BANK

CITIZEN CREDIT COOPERATIVE BANK LIMITED

CITY UNION BANK LIMITED

COMMONWEALTH BANK OF AUSTRALIA

CORPORATION BANK

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK CALYON BANK

CREDIT SUISEE AG

DCB BANK LIMITED

DENA BANK

DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION

DEUSTCHE BANK

DEVELOPMENT BANK OF SINGAPORE

DHANALAKSHMI BANK

DOHA BANK QSC

DOMBIVLI NAGARI SAHAKARI BANK LIMITED

EXPORT IMPORT BANK OF INDIA

FEDERAL BANK

FIRSTRAND BANK LIMITED

G P PARSIK BANK

HDFC BANK

HSBC BANK

ICICI BANK

IDBI BANK

INDIAN BANK

INDIAN OVERSEAS BANK

INDUSIND BANK

INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED

JALGAON JANATA SAHAKARI BANK LIMITED

JAMMU AND KASHMIR BANK LIMITED

JANAKALYAN SAHAKARI BANK LIMITED

JANASEVA SAHAKARI BANK BORIVLI LIMITED

JANASEVA SAHAKARI BANK LIMITED

JANATA SAHAKARI BANK LIMITED

JP MORGAN BANK

KALLAPPANNA AWADE ICHALKARANJI JANATA SAHAKARI BANK LIMITED

KALYAN JANATA SAHAKARI BANK

KALUPUR COMMERCIAL COOPERATIVE BANK

KAPOL COOPERATIVE BANK LIMITED

KARNATAKA BANK LIMITED

KARNATAKA VIKAS GRAMEENA BANK

KARUR VYSYA BANK

KERALA GRAMIN BANK

KOTAK MAHINDRA BANK LIMITED

LAXMI VILAS BANK

MAHANAGAR COOPERATIVE BANK

MAHARASHTRA STATE COOPERATIVE BANK

MASHREQBANK PSC

MIZUHO BANK LTD

NAGAR URBAN CO OPERATIVE BANK

NAGPUR NAGARIK SAHAKARI BANK LIMITED

NATIONAL AUSTRALIA BANK LIMITED

NEW INDIA COOPERATIVE BANK LIMITED

NKGSB COOPERATIVE BANK LIMITED

NUTAN NAGARIK SAHAKARI BANK LIMITED

ORIENTAL BANK OF COMMERCE

PRAGATHI KRISHNA GRAMIN BANK

PRATHAMA BANK

PRIME COOPERATIVE BANK LIMITED

PUNJAB AND MAHARSHTRA COOPERATIVE BANK

PUNJAB AND SIND BANK

PUNJAB NATIONAL BANK

RABOBANK INTERNATIONAL

RAJGURUNAGAR SAHAKARI BANK LIMITED

RAJKOT NAGRIK SAHAKARI BANK LIMITED

RBL BANK LIMITED

RESERVE BANK OF INDIA

SAHEBRAO DESHMUKH COOPERATIVE BANK LIMITED

SARASWAT COOPERATIVE BANK LIMITED

SBER BANK

SHIKSHAK SAHAKARI BANK LIMITED

SHINHAN BANK

SHRI CHHATRAPATI RAJASHRI SHAHU URBAN COOPERATIVE BANK LIMITED

SOCIETE GENERALE

SOLAPUR JANATA SAHAKARI BANK LIMITED

SOUTH INDIAN BANK

STANDARD CHARTERED BANK

STATE BANK OF BIKANER AND JAIPUR

STATE BANK OF HYDERABAD

STATE BANK OF INDIA

STATE BANK OF MYSORE

STATE BANK OF PATIALA

STATE BANK OF TRAVANCORE

SUMITOMO MITSUI BANKING CORPORATION

SUTEX COOPERATIVE BANK LIMITED

SYNDICATE BANK

TAMILNAD MERCANTILE BANK LIMITED

THE A.P. MAHESH COOPERATIVE URBAN BANK LIMITED

THE AKOLA DISTRICT CENTRAL COOPERATIVE BANK

THE ANDHRA PRADESH STATE COOPERATIVE BANK LIMITED

THE BANK OF NOVA SCOTIA

THE COSMOS CO OPERATIVE BANK LIMITED

THE DELHI STATE COOPERATIVE BANK LIMITED

THE GADCHIROLI DISTRICT CENTRAL COOPERATIVE BANK LIMITED

THE GREATER BOMBAY COOPERATIVE BANK LIMITED

THE GUJARAT STATE COOPERATIVE BANK LIMITED

THE JALGAON PEOPELS COOPERATIVE BANK LIMITED

THE KANGRA COOPERATIVE BANK LIMITED

THE KANGRA CENTRAL COOPERATIVE BANK LIMITED

THE KARAD URBAN COOPERATIVE BANK LIMITED

THE KARANATAKA STATE COOPERATIVE APEX BANK LIMITED

THE KURMANCHAL NAGAR SAHAKARI BANK LIMITED

THE MEHSANA URBAN COOPERATIVE BANK

THE MUMBAI DISTRICT CENTRAL COOPERATIVE BANK LIMITED

THE MUNICIPAL COOPERATIVE BANK LIMITED

THE NAINITAL BANK LIMITED

THE NASIK MERCHANTS COOPERATIVE BANK LIMITED

THE RAJASTHAN STATE COOPERATIVE BANK LIMITED

THE ROYAL BANK OF SCOTLAND N V

THE SEVA VIKAS COOPERATIVE BANK LIMITED

THE SHAMRAO VITHAL COOPERATIVE BANK

THE SURAT DISTRICT COOPERATIVE BANK LIMITED

THE SURATH PEOPLES COOPERATIVE BANK LIMITED

THE TAMIL NADU STATE APEX COOPERATIVE BANK

THE THANE BHARAT SAHAKARI BANK LIMITED

THE THANE DISTRICT CENTRAL COOPERATIVE BANK LIMITED

THE VARACHHA COOPERATIVE BANK LIMITED

THE VISHWESHWAR SAHAKARI BANK LIMITED

THE WEST BENGAL STATE COOPERATIVE BANK

THE ZOROASTRIAN COOPERATIVE BANK LIMITED

TJSB SAHAKARI BANK LTD

TUMKUR GRAIN MERCHANTS COOPERATIVE BANK LIMITED

UCO BANK

UNION BANK OF INDIA

UNITED BANK OF INDIA

UNITED OVERSEAS BANK LIMITED

VASAI VIKAS SAHAKARI BANK LIMITED

VIJAYA BANK

WESTPAC BANKING CORPORATION

WOORI BANK

YES BANK

ZILA SAHAKRI BANK LIMITED GHAZIABAD

AIRTEL PAYMENTS BANK LIMITED

DEOGIRI NAGARI SAHAKARI BANK LTD. AURANGABAD

DOHA BANK

EQUITAS SMALL FINANCE BANK LIMITED

HIMACHAL PRADESH STATE COOPERATIVE BANK LTD

IDFC BANK LIMITED

IDUKKI DISTRICT CO OPERATIVE BANK LTD

INDUSTRIAL BANK OF KOREA

KEB HANA BANK

MAHARASHTRA GRAMIN BANK

NATIONAL BANK OF ABU DHABI PJSC

PT BANK MAYBANK INDONESIA TBK

SAMARTH SAHAKARI BANK LTD

SBM BANK MAURITIUS LIMITED

SHIVALIK MERCANTILE CO OPERATIVE BANK LTD

SURAT NATIONAL COOPERATIVE BANK LIMITED

TELANGANA STATE COOP APEX BANK

THE HASTI COOP BANK LTD

THE NAVNIRMAN CO OPERATIVE BANK LIMITED

THE PANDHARPUR URBAN CO OP. BANK LTD. PANDHARPUR

THE PANDHARPUR URBAN CO OP. BANK LTD. PANDHARPUR

UJJIVAN SMALL FINANCE BANK LIMITED