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What is the third set of numbers after the micr code in a check book?

Timothy Norman

in Student Loans

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Samantha Barber on October 13, 2018

Even I had no idea what these numbers represent, apart from the one on the left the number is the check number. Even searching on google this doesn't help (you can find some information about MICR). So during my last visit to the bank, I asked the branch manager about it, and he was kind enough to explain it to me in detail. We can normally show four set of numbers on the bottom of the check sheet. 1) Check Number As I mentioned above, the first set of numbers represent the cheque number. It is a six-digit. 2) MICR Code this Is a synonym for Character Recognition of Magnetic Ink. This number helps a bank to recognize the bank and branch that issued the check. You might be thinking that this can be done just by looking at the check, but the banks have to process hundreds of checks daily. Go through each check is a cumbersome process. Instead, the cheques are sorted through a cheque reading machine which uses this number to identify the bank and branch a cheque belongs to. This makes the process faster. The MICR number is a nine-digit number, which consists of three parts: a) the Code of the City: The first three digits represent the city code and are the same as the first three digits of the PIN code of the city. For example, a bank in Hyderabad will have first three digits of MICR code as 500 (since PIN code for Hyderabad starts with 500) b) Bank Code: The next three digits represent the bank code. Each bank has a unique code assigned to it. For example, ICICI bank's code is 229, for HDFC it is 240 and so on. . c) Code of the Branch: The last three digits represent the branch code. So that you can easily find which bank and branch a cheque belongs to looking at its MICR number, and vice versa. You can download the complete list of MICR codes from internet. 3) Bank account Number of The third series of six digit numbers represents your account number (It consists of a few digits of your account number). But if you take an old cheque book, issued probably before CBS (Core Banking Solution) was introduced, you will not find this set of number present. (Note: I'm not completely sure of this. The Manager of the branch of the bank I visited told me this, and when I checked my ICICI cheque book, which tallied with my account number. If you see the example of a check from Axis bank shown above, it matches there. But when I checked my HDFC account check book, I found this number and my account number to be different. If someone belongs to a banking background, or has any information about this, please tell others about it through your comments. ) 4) Transaction ID of The last two digits tells whether a cheque is a local cheque our payable at par cheque. 29, 30 and 31 represents payable at par cheque, while 09, 10 and 11 represents local cheque. Payable at par cheque is a cheque that can be cashed at any branch of the issuing bank, while the local check can be cashed only at the issuing branch. Therefore, if you deposit a cheque at the bank, with code 10 written at the bottom of the check, that's going to take a few days for the money in your account. However, since most of the branches these days, it is CBS (Core Banking Solution) enabled, so that cheques are generally payable at par. One of the Most Interesting Thing… Before the end of this post I want to draw your attention to another interesting thing. These numbers are written in a different font style with a special ink that contains magnetic material so that it can be recognized by Magnetic Character Ink Reader. Noushad KH


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