Magnetic Ink Character Recognition Code, commonly called MICR code, is a 9-digit code that identifies the bank branches that are taking part in an (Electronic Clearing System). The primary function of the MICR Code is to authenticate the legality and credibility of paper-based document(s) in the banking database. MICR code is used by banks to verify cheques for clearance and other bank documents. A MICR code includes details such as the bank code, account details, amount, and cheque number, alongside a control indicator.