MICR Code: 160072002
| Bank: Development Credit Bank Ltd |
| IFSC Code: Dcbl0000188 |
| MICR Code: 160072002 |
| Address: Scf-37, 1 St Floor, Phase 2, Near Gyan Jyoti School, Mohali - 160055 |
| City: Sahibzada Ajit Singh Nagar |
| District: Mohali |
| 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 160072002.
- In this case first three codes 160 is city code and it represents city Sahibzada Ajit Singh Nagar.
- Next three characters 072 represents bank Development Credit Bank Ltd.
- Remaining characters which are 002 represents branch. In our case branch is located at address Scf-37, 1 St Floor, Phase 2, Near Gyan Jyoti School, Mohali - 160055.
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.