Business Studies, asked by dhanu3183, 1 year ago

what is the full of IFSC code and MICR code in bank word​

Answers

Answered by Anonymous
4

Hola!!

▶️IFSC ▶️INDIAN FINANCIAL SYSTEM CODE.

▶️MICR▶️MAGNETIC INK CHARACTER RECOGNITION.

SulagnaRoutray: hi diiiii
Anonymous: hehe
Rohit65k0935Me: He
Answered by Rohit65k0935Me
22

Hello ,mate..

Ifsc stands for indian financial system code.

  1. The IFSC code comprises eleven characters and is used to identify the bank and its branch. RTGS stands for Real Time Gross Settlement. it is one of two main payment and settlement systems in India.

2.MICR : Magnetic Ink Character Recognition Code (MICR Code) is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents.

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