MICR Code: 160234003
| Bank: IndusInd Bank Limited |
| IFSC Code: Indb0000083 |
| MICR Code: 160234003 |
| Address: S.C.F. 23-24 Phase Iii-B-2,' Sas Nagar, Mohali, Chandigarh 160 059 |
| City: Rup Nagar (Ropar) |
| District: Mohali |
| 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 160234003.
- In this case first three codes 160 is city code and it represents city Rup Nagar (Ropar).
- Next three characters 234 represents bank IndusInd Bank Limited.
- Remaining characters which are 003 represents branch. In our case branch is located at address S.C.F. 23-24 Phase Iii-B-2,' Sas Nagar, Mohali, Chandigarh 160 059.
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.