What is Cheque Number & MICR Code on a Cheque

The bank’s issued cheque is essentially a document that instructs a financial institution to pay a certain amount of money from one account to the individual whose name is printed.

The individual who writes the cheque is referred to as a drawer. Account holders need to keep the cash in a transaction banking account to approve it without rejection or failure.

Cheque Number

This is a document that contains an unconditional command directed to the banker. It is signed by the individual who has made a cash deposit at the bank.

  • The bottom-left corner of the leaf has six different cheque number digits.
  • MICR is an abbreviation for magnetic ink character recognition code. The MICR code’s nine digits show the bank and branch where the cheque was first issued to the account holder.
  • The first three numbers indicate the city code; the next three represent the bank code, and the final three represent the branch code.
  • Following the MICR code come the Six numbers listed on the cheque, which is a component of the account number.
  • The transaction ID is represented by the remaining digits at the bottom of a check. It assists us in determining if the cheque issued is local or payable at par. A local cheque should be cashed at the issuing financial institution, whereas a payable-at-par cheque should be cashed at any branch of the issuing financial institution. The majority of cheques are payable at the same rate as the central banking device.

Where Can I Get the Cheque Number on a Cheque?

Cheque standards are always the same and the same for all banks. The first six digits are considered numbers, while the next nine digits are MICR codes.

Cheque Features

  • It can be issued using savings or current accounts.
  • Always made payable to a particular banker.
  • It is an unqualified order.
  • The payee of a cheque is set and cannot be modified.
  • The payment will only be made to the payee/name beneficiaries.
  • It is a changeable instrument that is due on demand.
  • If a cheque does not contain the date, it is deemed worthless.

Cheque Variations

Open cheque

  • This is a sort of leaf that the user can use to get money from a bank or deposit it into his own account.
  • It can also be issued to someone else by the user.

Bearer cheque

  • A bearer cheque is issued to a representative of the payee or recipient in whose favour the cheque was issued.
  • The term “carrier” must be typed in the leaf to execute this type of cheque.

Cheque Deposit vs. Cheque Cashing

Depositing a cheque:

  • Adding a certain amount to your bank account through a Cheque.
  • Depending on the bank, it might take a few days for the funds to appear in your account and be withdrawn.

Cheque Cashing: This is being offered money in hand.


  • A self-cheque is written under the drawer’s own name, thus the payer and the drawer are the same people.
  • It can only be cashed in the drawer’s bank.
  • When you need to withdraw money from your own account, use a self-cheque.
  • A self-check should be kept carefully since it should be recalled that if one of these checks falls into the wrong hands.

Account Payee Cheques

  • An account payee cheque is a bearer with the words “account payee” printed on the upper left-hand side, inside two parallel lines, and crossed twice.
  • This is sometimes referred to as a “crossed cheque.”It is regarded as the safest method of issuing since the money written will be transferred solely to the person whose name appears on the cheque.

Post-dated Cheque

  • A post-dated cheque is a crossed or accounts payee cheque with a future date to satisfy a financial obligation in the future.
  • It is valid for up to three months from the date of issuance.

Banker’s Cheque

  • Banker’s cheques issued by a bank that guaranteed payment.

Cheque for Travel

  • When travelling, a traveller’s check is used to avoid carrying significant quantities of cash in order to preserve more safety and security.
  • It can be cashed while travelling overseas and needing foreign currency.

Cheque crossed

  • A crossed cheque is also known as an account payee cheque. It’s a bearer’s cheque with the words “account payee” written in the upper left-hand corner between two parallel lines.
  • It is the safest cheque to write since only the person whose name appears on the check will have the funds sent to their account.

Blank Cheque

It is one that has all of the fields blank save for the drawer’s signature.

Cheque Mutilated

  • This is one that arrives at the bank in a ripped or otherwise damaged state.
  • When a cheque is damaged or the important data is covered, it becomes invalid.

Cheque Stolen

  • A cheque is valid in India for three months from the date of issuing.
  • Any cheque deposited three months after the day was signed becomes a stale cheque.

Ante-dated Cheque

  • it’s one that was written prior to the present date.

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