Usually the bank code can be found in the bottom of a demand draft. Check out for a white strip of paper on the bottom part of the draft and you can see different codes printed in magnetic recognition patterns. One of them will be the bank code.
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A demand draft is a check that has a customer's bank account information on it but not the customer's signature. These are often created by merchants or banks. The branch code location can vary from one bank to another, but they are usually either found at the very top of the draft or the bottom.
As per Reserve Bank Of India Transaction Authorisation Code in respect of a Demand Draft is 16.
Usually the bank code can be found in the bottom of a demand draft. Check out for a white strip of paper on the bottom part of the draft and you can see different codes printed in magnetic recognition patterns. One of them will be the bank code.
As per Reserve Bank Of India Transaction Authorisation Code in respect of a Demand Draft is 16. This 2 digit number located right bottom (last 2 digits)
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Usually the DD Code or DD Number can be found in the bottom of a demand draft. Check out for a white strip of paper on the bottom part of the draft and you can see different codes printed in magnetic recognition patterns. One of them will be the DD number. It is a unique code/number that can be used by banks to identify a DD and its details.
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.
a cheque has a self signature where as a demand draft has a banker's signature and the officials code number on its face..
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.
branch code for your bank is 05772541.