MICR Code: 691809008
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 691809008.
- In this case first three codes 691 is city code and it represents city Kollam.
- Next three characters 809 represents bank IDBI Bank.
- Remaining characters which are 008 represents branch. In our case branch is located at address Medayil Jn, Kavanadu P O, Kollam 691003.
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.