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What Is Micr and Where Is It Used
Magnetic ink character recognition code known in short as MICR code is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents. Indian Financial System Code IFSC. Micr Full Form Coding Did You Know Form Type MICR code to Know IFSC code of any Bank in India Find IFSC MICR Codes Address All Bank Branches in India for NEFT RTGS ECS Transactions. . MICR code is encoded as MICR line located at the bottom of cheque or other bank voucher. MICR encoding called the MICR line is at the bottom of cheques and other vouchers and typically includes the document-type indicator bank code bank. MICR readers is used by character recognition technology to scan the information into data collection device. MICR line includes document type indicator bank code bank account number cheque number and the amount plus some control indicator. Use Branch Locator to...