MICR Code: 160007081
| Bank: State Bank of Patiala |
| IFSC Code: Stbp0001388 |
| MICR Code: 160007081 |
| Address: Near Bansal Departmental Store Chandigargh Mohali Kharar Road Mundi Kharar Po Kharar 140301 |
| City: Sahibzada Ajit Singh Nagar |
| District: Mundi 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 160007081.
- In this case first three codes 160 is city code and it represents city Sahibzada Ajit Singh Nagar.
- Next three characters 007 represents bank State Bank of Patiala.
- Remaining characters which are 081 represents branch. In our case branch is located at address Near Bansal Departmental Store Chandigargh Mohali Kharar Road Mundi Kharar Po Kharar 140301.
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.