What Is Micr Code In Bank. MICR stands for Magnetic Ink Character Recognition. This video describe about full form of MICR code, Why.
MICR (Magnetic Ink Character Recognition), as name suggest it is a character recognition technology which helps in faster processing of cheques.
The MICR Code allotted to a bank branch is printed on the MICR cheques issued by bank branches.
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Magnetic ink character recognition code (MICR) is a technology that enables faster processing of cheques by recognizing unique characters printed on the cheque. Check here IFSC Codes and MICR Codes of all banks along with branch address, phone numbers and contact details. Such links are provided only for the convenience of the Client and Kotak Mahindra Bank does not control or endorse such websites, and it is not responsible.
