Magnetic ink character recognition
what is mean by MICR Drfat / Checque
first there is DD number then MICR Number and then comes the transaction ID on the demend draft
MICR( Magnetic Ink Character Recognition)
MICR stands for Magnetic Ink Character Recognition. It is used by banks to identify the details like customer account number, bank branch code, bank code etc. almost all banks worldwide use these MICR numbers in their checks and demand drafts. The MICR Reader can read all the information that is written in the corresponding format in a cheque.
MICR stands for Magnetic Ink Character Recognition. It is used by banks to identify the details like customer account number, bank branch code, bank code etc. almost all banks worldwide use these MICR numbers in their checks and demand drafts. The MICR Reader can read all the information that is written in the corresponding format in a cheque.
MICR no. is a nine digit no. which is exactly after the six digit demand draft no.
what is mean by MICR Drfat / Checque
first there is DD number then MICR Number and then comes the transaction ID on the demend draft
ITS 9 DIGIT CODE ,NEXT TO D.D NO. example. "345458" 000006000: 000003 ---- DD no, MICR no, middle one with nine digits is MICR number.
Actually DD's do not have a MICR number. They only have a DD number. A Demand Draft Number is a unique number that can be used to uniquely identify a demand draft. No two DDs will have the same number, even if they are issued by different banks
MICR( Magnetic Ink Character Recognition)
MICR stands for Magnetic Ink Character Recognition. It is used by banks to identify the details like customer account number, bank branch code, bank code etc. almost all banks worldwide use these MICR numbers in their checks and demand drafts. The MICR Reader can read all the information that is written in the corresponding format in a cheque.
MICR stands for Magnetic Ink Character Recognition. It is used by banks to identify the details like customer account number, bank branch code, bank code etc. almost all banks worldwide use these MICR numbers in their checks and demand drafts. The MICR Reader can read all the information that is written in the corresponding format in a cheque.
Answering "Where is MICR code printed on SBI demand draft?"You can find IFSC or MICR codes of all branches across Indian at www.indiancodes.org Its quite faster too.
on the lower section of the check, in the MICR encoding area, to the right of the routing number and account number. It can also be preprinted on the check, located on right side upper corner
which one is the dd number on a demand draft
No, the "srno" is not the same as "ddno" in SBI DD (Demand Draft). "Srno" refers to the serial number, while "ddno" refers to the DD (Demand Draft) number. Each DD has a unique DD number for identification purposes.