Cheque Clearing Systems

MICR Decoded.

The secret 9-digit language of physical cheques, ECS processing, and how it differs from digital IFSC codes.

Nikky Dhale
Nikky Dhale
Digital Banking Instructor • Verified Workflow
Updated
May 2026
Magnetic Ink Character Recognition

The king of physical cheques.

While IFSC codes are the masters of digital transfers, MICR codes power the physical clearing system. Printed at the bottom of every cheque in special magnetic ink, this 9-digit code allows banking machines to automatically process and clear thousands of cheques per minute.

The 9-Digit Logic

110
City Code

The first 3 digits represent the city where the bank branch is located (e.g., 110 for Delhi).

002
Bank Code

The middle 3 digits are uniquely assigned to the specific bank (e.g., 002 for State Bank of India).

001
Branch Code

The final 3 digits identify the exact branch within that city.

MICR vs IFSC

MICR Code

  • 9-digit numeric code
  • Used for physical cheque clearing
  • Essential for ECS mandates (SIPs, EMIs)
  • Printed using magnetic ink technology

IFSC Code

  • 11-character alphanumeric code
  • Used for digital funds transfer
  • Essential for NEFT, RTGS, IMPS
  • Works entirely online

Find Any Branch MICR

Use our dedicated MICR search engine to find the exact 9-digit code for over 1.7 lakh bank branches in India.

Launch MICR Finder