what is mean by MICR Drfat / Checque
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 is an abbreviation for micro ink character recognition. MICR are the symbols on the bottom of checks that are used by electronic sorters in various banks during the check clearing process.
MICR stands for Magnetic Ink Character Recognition. It is a system using which magnetic readers can easily identify the bank that issued the cheque and other details reg. the cheque. All banks use MICR codes in their Cheques.
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. For more details visit us at: http://www.ifsccodeonline.com/MICR-CODES/
MICR codes are used to identify bank and account information. The codes are read by machines, offering a quicker and easier process for the clearing of checks.
micr
This is not avalid MICR code.
MICR Reader converts MICR characters into a form the computer can process
MICR devices can read:Numbers
what is mean by MICR Drfat / Checque
Defination for NON-MICR CHEQUES
HP manufactures MICR laser printers. The MICR laser printer is used to create checks. MICR is the shortened version of Magnetic Ink Character Recognition.
500229009 is the MICR code
MICR(magnetic ink character recognition)
Micr is found on the bottom of checks. It is used by banks to scan and process checks. Micr stands for magnetic ink character recognition.
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