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.
VOIP = Voice Over Internet Protocol... MICR = Magnetic Ink Character Recognition
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.
500229009 is the MICR code
MICR Code is {| |- | 560229003 |}
This is not avalid MICR code.
I think khetri is non micr centre, micr branches issue cheques with micr code on your cheque ist is cheque serial no follwed by micr code of the branch
MICR Reader converts MICR characters into a form the computer can process
MICR(magnetic ink character recognition)
code
The full form of MICR is Magnetis Ink Character Reader.