What is MICR Code? The MICR ( Magnetic Ink Character Recognition ) code is a nine-digit code that is printed using special magnetic ink at the bottom of cheque. It helps in the automated processing of cheques and identifies the bank branch that issued the cheque. Wondering what is MICR Code ? Explore the Uses, Meaning & full form of MICR ie. Which aids in the fast and accurate processing of these documents. Know more with Axis Bank! Type MICR code to Know IFSC code of any Bank in India Find IFSC, MICR Codes , Address, All Bank Branches in India, for NEFT, RTGS, ECS Transactions Search IFSC and MICR codes for banks in India through the Reserve Bank of India's official platform.