MICR Code: 160013001

Bank: Bank of India
IFSC Code: Bkid0006200
MICR Code: 160013001
Address: Bank Square Sector 17- Bchandigarh
City: Chandigarh
District: Chandigarh
State: Chandigarh

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 160013001.

  • In this case first three codes 160 is city code and it represents city Chandigarh.
  • Next three characters 013 represents bank Bank of India.
  • Remaining characters which are 001 represents branch. In our case branch is located at address Bank Square Sector 17- Bchandigarh.

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.