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What is the MICR code?

code MICR
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What is the MICR code?

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MICR stands for Magnetic Ink Character Recognition technology, that enables automatic processing of cheques in the inter-bank clearing mechanism. The MICR code appears as a unique 9-digit number on the bottom left of any cheque book. It uniquely identifies your bank branch – first three digits represent the city code, middle three represent the bank code and last three represent the branch code.

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