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What is MICR, IFSC, SWIFT and its Structures; Find Easily for your Branch

Its Printed in Cheques. MICR is Unique for Every Branch.

Its 9 Digits. Only Numbers

City Code
Bank Code
Branch Code


Its 11 Characters, Alphanumeric.

Same Structure Society for Worldwide Interbank Financial Telecommunication (SWIFT).

(Bank Identifier)
(Branch identifier)
(retained zero for future use)

first four identifying the bank, fifth is numeric (kept 0) and last six characters identify the bank branch.


The SWIFT code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office.
  • First 4 characters - bank code (only letters)
    Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
  • Next 2 characters - location code (letters and digits)
    (passive participant will have '1' in the second character)
  • Last 3 characters - branch code, optional ('XXX' for primary office) (letters and digits)
However, SWIFT is yet to start their operation in India for domestic transactions. As such, BIC is not being used presently for routing of transactions domestically.

Banking Statistical Record (BSR)

7 Digits
first three digits identifying the bank and remaining four digits identifying the branch.

Used for Tax Receipt Identification


IBAN (Country Code + Check Digit + Bank Code + Account number) 

(i) first two letters(2!a) shall always be the two character country code(alpha-2 code) of the country in which the financial institution servicing the account resides;
(ii) third and fourth characters (2!n) shall be the check digits, as calculated from the scheme defined in ISO 13616;
(iii) remaining part of the IBAN (up to 30c), the BBAN, shall only contain upper and lower case letters ( A to Z and a to z) and numeric characters (0 to 9), without special characters such as separators and punctuation that may be used in national account number schemes;
(iv) BBAN shall in addition: have one fixed length per country, and include within it a bank identifier with a fixed position and length per country.
Basic Bank Account Number (BBAN) is a standard for identifying bank accounts across a country.

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