How to Find MICR Code Online

Know MICR Code

This is the guest post for MICR code information by Here you can get the idea about MICR Code and its functions.

MICR, otherwise known as, Magnetic Ink Character Recognition, is an inexplicable technology that allows machines to read and process cheques, enabling thousands of check transactions within a very short time duration. MICR code is usually a nine digit code comprising of some important information about the transaction and the bank. This code is of extreme importance as it helps the Central Bank and Banking authorities keep track of the transactions that take place within the country.

The first three digits in the MICR code represent the city code that is the city in which the bank branch is located. In most cases it is in line 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.

The MICR code can be found in the bottom right hand corner of the cheque leaf and can be processed and read only by the technology that enables reading of the code.

Apart from being a security bar code to protect transactions, the MICR code is also an indispensable part for the online transfer of money within the country. Every bank branch is given an unique MICR code and this helps the RBI, which is the central monetary authority of the country, read and identify the bank branch and speed up the clearing process for all the cheques, and thereby all transactions.

With the MICR code present, the reading machine or the cheque-sorting machine reads through a cheque when inserted, and identifies the branch the cheque belongs to, and activates the automation clearing process.

“Hint: If you have account on state bank of India, you can micr code of sbi bank branches from”.

This process would otherwise be extremely time consuming and cumbersome and would act as a major deterrent to monitoring the transactions that take place within the country. The machine into which the cheque is inserted is of utmost importance to this process as there exists no other machine that is capable of reading the code.

The MICR code is so clear and fine that the machine could read it even if the MICR code isn’t visible due to other marks or stamps on it. The Banks that print the cheque leaves must ensure that this stays true of all cheques issued by its authority.

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

Thus the MICR could be rightly called the fingerprint of the cheque leaf, without a shred of doubt.

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