| MICR CODE | 160013013 |
|---|---|
| Bank | Bank Of India |
| Branch | Kharar |
| IFSC Code | IFSC Code Bank Of India |
| Address | Sco 12-13,bansa Wali Chungi Chandigarh Roadkharar |
| City | Kharar |
| State | Punjab |
Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.
MICR code is a code printed on checks using MICR (Magnetic Ink Character Recognition) technology. The purpose of this code is to identify the cheques and which means faster processing. A MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).