Each bank branch maintains its distinct IFSC code. What is MICR Code (Magnetic Ink Character Recognition Code)? A 9-digit MICR or Magnetic Ink Character Recognition) code serves as a unique ...
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Banking: These 7 numbers written on the cheque are not ordinary, many 'secrets' of banks are revealed by looking at them..2- MICR code It means Magnetic Ink Character Recognition (MICR). This code is read by a special cheque reading machine, which helps banks find out the branch from which the cheque has been issued.
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