RTGS and NEFT are related to funds transfer over the internet using your internet banking.
RTGS Real Time Gross Settlement ( Minimum Amt Rs 1 lakh)
NEFT National Electronic Funds Transfer (Any amt)
IFSC is Indian Financial System Code. This is eleven digit alphanumeric code and unique to each branch of bank. First four tells about name of bank and remaining seven tells about branch number. This code is given on the cheque book. It also required to transfer the money by NEFT or RTGS if you don't know the address of branch.
MICR Code stands for 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.
Development Bank of Singapore
United Commercial Bank
Its United Commercial Bank.
AGM
MICR stands for magnetic ink character reader
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.
The MICR (Magnetic Ink Character Recognition) code has 9 digits and are also used to identify the bank-branch for cheque clearing and online transaction processes. You can find MICR or IFSC codes of all branches across Indian at www.indiancodes.org Its quite faster too.
VOIP = Voice Over Internet Protocol... MICR = Magnetic Ink Character Recognition
Full form of IFSC in banking term is Indian Financial System Code.
Approved Project Financial No.
The full form of IFS code is Indian Financial System Code. It is a unique code assigned to each bank branch by the Reserve Bank of India to facilitate electronic funds transfer within India.
MICR Reader converts MICR characters into a form the computer can process
The full form of MICR is Magnetis Ink Character Reader.
IFSC code is a unique combination of 11 charaters for each bank. IFSC code is Alphanumeric and contains a combination of alphabets and numbers. See the related link.
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