MICR Code: 160234002

Bank: IndusInd Bank Limited
IFSC Code: Indb0000014
MICR Code: 160234002
Address: S.C.O. No.53-54, Sector 8-C, ' Madhya Marg Chandigarh - 160 018.
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 160234002.

  • In this case first three codes 160 is city code and it represents city Chandigarh.
  • Next three characters 234 represents bank IndusInd Bank Limited.
  • Remaining characters which are 002 represents branch. In our case branch is located at address S.C.O. No.53-54, Sector 8-C, ' Madhya Marg Chandigarh - 160 018..

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.