MICR Code: 678803003
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 678803003.
- In this case first three codes 678 is city code and it represents city Palakkad.
- Next three characters 803 represents bank Axis Bank.
- Remaining characters which are 003 represents branch. In our case branch is located at address H.P.O. Road, Palakkad, Pin 678001.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.