WHAT IS MICR CODE?

MICR is the short form for Magnetic Ink Character Recognition, facilitate automated check processing. When you deposit a check, the MICR reader scans the code, thereby ensuring faster processing and providing extra security to the banking system.
MICR is a nine-digit code that uniquely identifies a bank branch participating in the Electronic Clearing System (ECS). The city code is represented by the first 3 digits of the code, the bank code is represented by the middle 3, and the branch code is represented by the last 3 digits. .

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