1 / 5

What is MICR code?

Magnetic Ink Character Recognition Code used by the bank for processing cheque. Get more information about MICR code from here: http://www.indianbankdetails.com/

indianbankdetails
Download Presentation

What is MICR code?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What is MICR code and its uses Created By: nandysarwan http://www.indianbankdetails.com/

  2. Introduction: • MICR stands for Magnetic Ink Character Recognition. It is the character recognition technology used by the banks and banking sectors for the purpose of processing and clearance of cheques. • The MICR line is in the bottom of the documents which includes document type, account number, bank code, cheque number and control indicator. • The MICR code reader easy read the line and send it to the data collection devices. • Unlike Barcodes, MICR code can easily read by humans and it is printed at the bottom of the cheque.

  3. MICR Code

  4. Uses of MICR

  5. Conclusion: • Each and every bank has MICR code for processing the cheque. Get all bank MICR code, IFSC code, and other bank details from indianbankdetails.com • http://indianbankdetails.com/

More Related