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(magnetic ink character recognition)
MICR no. is a nine digit no. which is exactly after the six digit demand draft no.
The MICR code for the bank where you have the account can be found on your account cheque leaf. It is a 9 digit number. The first 6 digits are the cheque number, the next 9 digits are the MICR code. I am not sure if the MICR code differs from branch to branch. The best bit is to take the information on your cheque leaf.
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. Yes, all banks use MICR codes in their Cheques.
there is no full form of dollar
MICR stands for magnetic ink character reader
VOIP = Voice Over Internet Protocol... MICR = Magnetic Ink Character Recognition
MICR Reader converts MICR characters into a form the computer can process
MICR(magnetic ink character recognition)
The full form of MICR is Magnetis 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.
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.
micr
This is not avalid MICR code.
what is mean by MICR Drfat / Checque
MICR devices can read:Numbers
Defination for NON-MICR CHEQUES