Micr code. MICR stands for Magnetic Character Recognition.
Micr code This number is printed in magnetic ink, and special machines read this ink to process checks and move money through the banking system. However, be aware that this MICR number is located adjacent to the cheque number, which is a 6-digit number, while MICR is a 9-digit number. It helps in fast and secure processing of cheques using magnetic ink and character recognition. Find out the parts, uses, and benefits of MICR numbers in the financial industry. Jan 2, 2023 · Learn what MICR code is, how it works, and where to find it on a cheque. The routing number, a nine-digit code, identifies the financial institution handling the payment, while the account number specifies the individual account. Jan 22, 2025 · The MICR line consists of three components: the routing number, the account number, and the check number. The check number tracks the specific transaction. Learn about MICR technology, a set of digits that appears at the bottom of checks and helps process them automatically. Uses & Benefits of MICR Code in Cheques. Jun 13, 2024 · MICR code is a nine-digit number printed on cheques to identify the city, bank and branch. Learn about MICR code, a technology used by the banking industry to encode cheques and other documents. Your full MICR code is the line of numbers printed at the bottom of your checks. Apr 21, 2025 · The MICR code is located at the bottom of each cheque leaf. Moreover, you can also find your MICR code on the first page of your bank passbook. Mar 29, 2025 · An MICR number is a financial code used by banks. Find out the differences between E-13B and CMC-7 fonts, and how they are read by MICR readers. Learn more about MICR code and its difference from IFSC with Axis Bank. MICR code is a 9-digit code that identifies banks and branches in India and helps speed up cheque processing. MICR stands for Magnetic Character Recognition.