What is micr cheque

A MICR cheque is a cheque that features a Magnetic Ink Character Recognition (MICR) code at the bottom. This 9-digit code is printed using special magnetic ink containing iron oxide, which allows high-speed machines to read and process the cheque accurately. The 9-digit MICR code is structured as follows:

• First 3 digits: Represent the city code (aligned with the PIN code).
• Middle 3 digits: Represent the unique bank code.
• Last 3 digits: Represent the specific bank branch code.

This technology ensures faster clearing, enhances security against fraud, and minimizes manual errors during the transaction process.