List of MICR Code, and address of all bank branches in india Find Verified MICR Code quickly to use for NEFT RTGS & IMPS transaction
Search by MICR Code & Branch locations of Banks in India
MICR Code List of all banks in India is given below. Click for more information about the bank and its services. To find details of other banks, use the form below.
The full form of MICR is Magnetic Ink Character Recognition technology. The primary need for this innovation is to authenticate the originality and legality of paper based documents in the banking system and is majorly used on cheques. In terms of their real-world importance, MICR stands on par with IFSC where transfer of funds using NEFT or IMPS is concerned.
MICR code imbibes the cutting-edge character recognition technology that is used by banks to authenticate the clearance of cheques and other such documents. MICR code itself can be seen placed on the bottom strip of the cheque and includes such details as the bank code, account details, cheque number and amount, alongside a control indicator. The principal advantage of this system is that unlike similar concepts like barcodes, MICR can be easily distinguished and read by humans.
MICR is a technology that helps in verifying the originality of cheques or other paper documents. It is used mainly by banks to process cheques faster. The MICR code helps RBI in identifying the bank branch.
Find MICR Code in a Bank Cheque:On a typical bank cheque, the MICR Code is compulsorily listed though the location of the same on the cheque leaf will differ from bank to bank.
In our example image: we are displaying the location of the MICR Code on a HDFC Cheque.
Find MICR Code in a Bank Cheque: This is displayed next to the cheque number on cheques offered by all banks in India.
Both Cheque number and MICR Code are displayed in a unique font and ink, and the latter can only be picked up by a Magnetic Character Ink Reader.
Abbreviation of Indian Financial System Code, is a code that is used to identify all participating banks under the NEFT system. It is basically 11 digit alphanumeric code that is different for each bank and its affiliated branch.
|IFSC Code||MICR Code|
|IFSC is a 11-digit alphanumeric number.||MICR is a 9-digit code.|
|IFSC is used to facilitate electronic money transfer between banks that operate in the country.||MICR is used to make cheque processing simpler and faster.|
|In a IFSC code, the first four characters indicate the name of the bank.||In MICR code, a combination of the fourth, fifth and sixth digit indicate the bank code.|
|In IFSC,the last six characters represent the branch code||In the MICR code the last three digits indicate the bank branch code.|