MICR Full Form - Know What Does MICR Stands For, Its History, Components & Key Points!

By Apoorva Gupta|Updated : December 23rd, 2021

MICR is short for Magnetic Ink Character Recognition Technology. MICR is a code printed on the bank cheques. When one is filing any financial transaction forms, one must mention this code. These forms can include any investment form or even SIP forms. MICR is used to not only identify but also process cheques. The MICR is the most common term used in banking. This article informs you about what does MICR stands form, its full form in banking in English and Hindi. 

Table of Content

The MICR code is usually three sets of numbers. These numbers represent the routing number, the bank account number, and also the cheque number. The printing technology used to print this code is called magnetic ink character recognition. This technology allows these numbers to be read, processed, and recorded.

What Does MICR Stands For? 

MICR stands for Magnetic Ink Character Recognition. MICR is a code that is used in the banking sector. It has a unique print technology that is used to enable a machine to read, process and record information. MICR cannot be faked or copied due to the use of magnetic fonts and the unique font used in it. 

MICR Full Form in Banking

The full form of MICR is Magnetic Ink Character Recognition. MICR code is a pattern recognition system that is used in the banking sector to identify the document‘s originality and to enable the processing and approval of cheques and other papers. 

Components of MICR Code

The MICR code is a nine-digit code consisting of three groups of numbers. You can locate the MICR code printed on a cheque leaf or the passbook's first page next to the cheque number.

  • City Code: The first three digits of the MICR code represent the City code. This city code is the same as the pin code.
  • Bank Code: The next three digits are called the Bank code.
  • Branch code: The last three digits are called the branch code, representing the bank's branch.

For example, if 13456789 is the MICR code printed at the bottom of a cheque, then 123 represents the city code, 456 represents the bank code, and 789 represents the branch code.

MICR Code on Cheque

The MICR code is printed on the bottom of a cheque leaf, next to the cheque number as well as on the first page of a bank savings account passbook. We have shared an image for the MICR code below to identity it. 

MICR code photo

History of the MICR Code

MICR was developed in the 1950s by the American Bankers Association and is now used globally across various countries, with one being India. After its invention in 1958, the machine was introduced in India by the Reserve Bank of India in the 1980s. To check the MICR code of different banks and branches, one can use the website of the RBI.

MICR Full Form in Hindi: MICR क्या होता है?

The full form of MICR in Hindi is "चुंबकीय स्याही चरित्र पहचान" or “Magnetic Ink Character Recognition”. MICR एक ऐसी तकनीक है जिसका उपयोग विशेष स्याही और पात्रों की मदद से दस्तावेज़ की मौलिकता की मान्यता में किया जाता है| MICR पुरानी विधि है जो धन की सुरक्षा के लिए एक Negotiable Instruments होता है| Bnk cheque की processing के लिए यह विधि सुविधाजनक है. MICR code से Cheque के संबंध मे विस्तृत जानकारी जुड़ी रहती है जो Cheque के 9 Number के अनुक्रम से दर्शायी जाती है|

Features of MICR Code

  • Due to the state-of-art technology of a MICR machine that can read it, MICR code can never be faked.
  • The MICR code is not the same as the IFSC code, as the former is used to process cheques while the latter is used while transferring money from one account to another.
  • The ink bars printed on a cheque at the bottoms also represent the MICR magnetic code.
  • The MICR code is unique to a particular bank.
  • Even if any stamps on the code reduce its visibility, MICR machines can still read the codes because of their fine nature.

Manual clearing of cheques can take a lot of time and also might have human errors. Along with this, without MICR codes, it is quite easy to fake cheques. This is why MICR codes are essential. In this article, along with the full form of MICR, you would've learned about its components and history. We have more articles about various banking terms required for Banking Exams.

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write a comment


  • The full form of MICR is Magnetic Ink Character Recognition Technology.

  • Yes, MICR codes play an important role in money transfers. Every bank's MICR code is different, and so while clearing cheques, the RBI can easily identify the bank branch using the code.

  • While making the transaction, one will have to enter the account number, beneficiary name, and MICR code. If the bank has an account number mentioned while making the transaction, the money transfer will go through, or it will be returned.

  • In DDs, if the bar codes lack magnetic ink, they cannot be read by the MICR machine, making it fake.

  • MICR stands for Magnetic ink character recognition (MICR).

  • MICR stands for "चुंबकीय स्याही चरित्र पहचान" in Hindi.

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