Micr code: What is MICR code

What is MICR code ? Know about the meaning & full form of MICR Its format Where can I find the MICR code How does the MICR line work Benefits. HDFC BANK LTD Branches, All Branch Addresses, Phone, IFSC code , MICR code , Find IFSC, MICR Codes , Address, All Bank Branches in India, for NEFT, RTGS, ECS Transactions Discover the significance of the MICR code in your passbook. Learn what an MICR code is, its components, and how it facilitates secure and efficient bank transactions. Magnetic ink character recognition code , known in short as MICR code , is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents. MICR encoding, called the MICR line, is at the bottom of cheques and other vouchers and typically includes the document-type indicator, bank code , bank account number, cheque number, cheque amount (usually added after a cheque is presented for payment), and a control indicator ...