What is micr number on cheque

A MICR (Magnetic Ink Character Recognition) number is a unique nine-digit code printed at the bottom of a cheque. It is primarily used by the banking industry to streamline and automate the processing and clearance of cheques. In India, the nine-digit MICR code is structured as follows:

• City Code: The first three digits represent the city, aligning with the first three digits of the PIN code.
• Bank Code: The middle three digits identify the specific bank.
• Branch Code: The last three digits represent the particular bank branch.