Hindi, asked by Anonymous, 9 months ago

WHAT IS THE FULL FORM OF MICR

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Answered by Anonymous

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MICR code is a code printed on cheques using MICR (Magnetic Ink Character Recognition technology). This enables identification of the cheques and which in turns means faster processing. An MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).

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