What is MICR Code

MICR is the short form of Magnetic Ink Character Recognition Code which is located at the bottom of the cheque which is known as MICR line. It is a nine digit numeric code printed in magnetic ink. With the help of MICR code, we can identify the bank and the branch. And also the MICR code printed on the first page of bank account book.[...] read more

What is IFSC Code

IFSC Code brief explanation

IFSC Code is Indian Financial System Code, which is an eleven character code assigned by RBI to identify every bank branches uniquely, that are participating in NEFT system in India. This code is used by electronic payment system applications such as RTGS, National Electronic Fund Transfer and CFMS.[...] read more