MICR Code is Magnetic Ink Character Recognition Technology and it is 9 Digit Code printed on the Check and DD Leaf to make the Cheque and DD Verification faster through Machines.
According to RBI Every Bank branch is MICR Code Enabled.
How to Know Your Branch MICR Code
Here is the Simple Representation of Micr Code of Your Branch.
The 9 Digit Code of MICR is decribed as
Say the MICR Code is 400 002 009
For example, if you have an account with State Bank of India (SBI) Mumbai (Central) then its nine digit MICR code will be 400002009 wherein:
400, the first three digits representing the city code for Mumbai;
002, the next three digits representing the bank code for SBI;
And 009, the last three digits representing the bank branch code for Andheri (West).
MICR Speed Up Process of bank
The MICR Cheque is read by machines which is found in Clearence Centre's. Mostly Every bank keep up this machine to do the check verification.
Simply MICR Code is System Validated so it simply identified the Fake DD and Cheques.