MICR Code: 152010202

Bank: Allahabad Bank
IFSC Code: Alla0212738
MICR Code: 152010202
Address: Allahabad Bank, Near Axis Bank, National Highway Malaut-152107 Dist: Muktsar Sahib, Punjab
City: Muktsar
District: Malout
State: Punjab

MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.

Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.

Let's decode MICR code 152010202.

  • In this case first three codes 152 is city code and it represents city Muktsar.
  • Next three characters 010 represents bank Allahabad Bank.
  • Remaining characters which are 202 represents branch. In our case branch is located at address Allahabad Bank, Near Axis Bank, National Highway Malaut-152107 Dist: Muktsar Sahib, Punjab.

The easiest way to find MICR code is to check your

  1. Bank account statement
  2. Cheques

Please examine below sample cheque for more details

I hope this clears doubts.