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#1
17th March 2016, 02:54 PM
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| Micr code
Hello sir, I want to know that what the full form of MICR code is. Where customers can use this MICR code?
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#2
17th March 2016, 02:54 PM
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| Re: Micr code
MICR : Magnetic Ink Character Recognition MICR is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques. MICR characters are printed in special typefaces with a magnetic ink or toner, usually containing iron oxide. MICR codes are read by a special machine that is read these characters, which can be easily read by humans too. The characters are usually printed on the bottom strip of cheque leaf. This MICR code is used By RBI (Reserve bank Of India) clearing process to identify the branch and bank for clearing processes. Here I’m giving you name of few banks which are used MICR code: Abhyudaya Co-op Bank Ltd Abu Dhabi Commercial Bank Akola District Central Co-operative Bank Akola Janata Commercial Cooperative Bank Allahabad Bank Almora Urban Co-operative Bank Ltd Andhra Bank Andhra Pragathi Grameena Bank Apna Sahakari Bank Ltd Australia And New Zealand Banking Group Limited Axis Bank Bank Internasional Indonesia Bank Of America Bank Of Bahrain And Kuwait Bank Of Baroda Bank Of Ceylon Bank Of India Bank Of Maharashtra Bank Of Tokyo-mitsubishi Ufj Ltd Barclays Bank Plc Bassein Catholic Co-op Bank Ltd Bharatiya Mahila Bank Limited Bnp Paribas Canara Bank Capital Local Area Bank Ltd Catholic Syrian Bank Ltd Central Bank Of India Chinatrust Commercial Bank Citibank Na Citizencredit Co-operative Bank Ltd City Union Bank Ltd Commonwealth Bank Of Australia Corporation Bank Credit Agricole Corp N Invsmnt Bank Credit Suisse Ag Dbs Bank Ltd Dcb Bank Limited Dena Bank Deutsche Bank Ag Development Credit Bank Limited Dhanlaxmi Bank Ltd Dicgc Doha Bank Qsc Dombivli Nagari Sahakari Bank Limited Export Import Bank Of India Firstrand Bank Limited G P Parsik Bank |
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