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What is MICR?

What is MICR?

Sunday, May 21, 2017, 11:37 AM
MICR code is a 9-digit code that uniquely identifies a bank and a branch participating in an Electronic Clearing System (ECS). The first 3-digit of the code represents the city code, the middle ones represent the bank code and last 3 represents the branch code. One can locate MICR code at the bottom of a cheque leaf, next to the cheque number.
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