MICR Code: 160007086

Bank: State Bank of Patiala
IFSC Code: Stbp0001471
MICR Code: 160007086
Address: Sco 9 Peermuchalla Zirakpur
City: Mohali
District: Zirakpur
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 160007086.

  • In this case first three codes 160 is city code and it represents city Mohali.
  • Next three characters 007 represents bank State Bank of Patiala.
  • Remaining characters which are 086 represents branch. In our case branch is located at address Sco 9 Peermuchalla Zirakpur.

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.