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Blogs MICR Code (Magnetic Ink Character Recognition Code)

MICR Code (Magnetic Ink Character Recognition Code)

  • 13 Jul 2023
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MICR Code (Magnetic Ink Character Recognition Code) is a 9 digit code printed at the bottom of the cheque. The first three digits define the city code...

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Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralized Funds Management System (CFMS) developed by Reserve Bank of India (RBI).

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