MICR Code: 160013013

Bank: Bank of India
IFSC Code: Bkid0006547
MICR Code: 160013013
Address: Sco 12-13, Bansa Wali Chungi Chandigarh Roadkharar
City: Kharar
District: Kharar
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 160013013.

  • In this case first three codes 160 is city code and it represents city Kharar.
  • Next three characters 013 represents bank Bank of India.
  • Remaining characters which are 013 represents branch. In our case branch is located at address Sco 12-13, Bansa Wali Chungi Chandigarh Roadkharar.

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.