Investopedia / Paige McLaughlin A magnetic ink character recognition (MICR) line is the unique series of characters printed on a check that indicates the bank routing number, account number ...

MICR lines are printed in two special fonts that can be read by machines as well as people, and are used worldwide to enable machines to read checks and reduce check fraud. The first number in the ...

If you are issuing a cheque to someone, then the most important thing is the cheque number. 2- MICR code It means Magnetic Ink Character Recognition (MICR). This code is read by a special cheque ...

you can know the status of the cheque by providing the cheque number. Magnetic ink character recognition or MICR comprises nine digits, which are further sub-divided as city, bank and branch code.

New Delhi: Syndicate Bank account holders have a big update from Canara Bank. Old IFSC code, and MICR on cheque book will longer be valid from July 1, 2021. Customers need to get Cheque Book with ...

CBN further advised DMBs to examine their in-house cheque processing ... notice that MICR rejects have been on the increase and in furtherance of the bank’s effort to reduce the number, Deposit ...