List of MICR Code, and address of all bank branches in India Find Verified MICR Code quickly to use for NEFT RTGS & IMPS transaction
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. This innovation's primary need 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 the transfer of funds using NEFT or IMPS is concerned.
MICR code imbibes the cutting-edge character recognition technology 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. This system's principal advantage is that unlike similar concepts like barcodes, MICR can be easily distinguished and read by humans.
