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Subject :NCO    Class : Class 9
What is MICR? How it works?

Ans 1:

Class : Class 9
MICR which means MAGNETIC INK CHARACTER RECOGNITION.It is used for handover bank transaction

Ans 2:

Class : Class 9
It is Magnetic Ink Character Recognition, used banks to safely handover huge amount of bank transaction. Cheque book in black numbers

Ans 3:

Class : Class 10
It is Magnetic Ink Character Recognition, used banks to safely handover huge amount of bank transaction.. Consist 9 digit number on cheque

Ans 4:

Class : Class 9
MICR is an abbreviation for “Magnetic Ink Character Recognition”.ITS USED FOR IDENTIFICATION The MICR code is a 9 digit code, which is printed at the bottom of a cheque. Here’s how it looks: Sample Cheque / Check for MICR Composition of the MICR code A MICR code is unique to each bank branch. Thus, a MICR code can be used to uniquely identify any bank branch. It comprises of 3 parts: The first three digits represent the city (City Code). They are aligned with the PIN code we use for postal addresses in India. The next 3 digits represent the bank (Bank Code) The last 3 digits represent the branch (Branch Code) Example 1 Let’s say you have an account in the Andheri (West), Mumbai branch of State Bank of India (SBI). What would be its MICR code? City code for Mumbai: 400 Bank code for SBI: 002 Branch code for Andheri (West): 003 Thus, the MICR code is: 400002003

Ans 5:

Class : Class 9
Magnetic Ink Character Regocnition is sensitive to magnetic fields

Ans 6:

Class : Class 9
It is Magnetic Ink Character Recognition, used banks to safely handover huge amount of bank transaction. It is use cheque book and cheque book series number

Ans 7:

Class : Class 9
It stands for Magnetic ink character recognition,it is used for handover bank transaction

Ans 8:

Class : Class 10
It is Magnetic Ink Character Recognition, used banks to safely handover huge amount of bank transaction. It is use cheque book and cheque book series number

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