Unlike the manual clearing of cheques where there is a possibility of many human errors and subsequent delay in clearing, the MICR code on the cheque printed with a unique magnetic ink usually ...

Many of you would have seen the magnetic inks bar codes printed on the bottom of your bank's cheque leaves. These bar codes are known as MICR code, an abbreviation for 'Magnetic Ink Character ...

One-Minute Guide | MICR codeI am used by banks to facilitate processing. Unlike when a cheque is manually cleared, which involves the possibility of human error, my code is read by a character ...

How to locate IFSC Code, MICR Code on a bank cheque? Bank cheques contain several essential components that establish their authenticity and reliability in financial transactions.

Customers can continue to use cheque books issued by erstwhile Syndicate Bank branches and their IFSC or MICR codes till June 30.

This bank's IFSC, MICR codes to change after February 28. Check details Customers will be required to use the new DBS IFSC code from March 1, 2022 to receive funds through NEFT/RTGS/IMPS, said a ...

This is regarding IFSC-MICR Code. Punjab National Bank has announced that it has changed the old IFSC-MICR Code and these will stop working from March 31, 2021. If you have a cheque book or plan to ...