Is MICR code same on every cheque?
A MICR code is a 9-digit code in which the first three characters represent the city code, the next three represent the bank code, and the last three represent the bank’s branch code. Is the MICR code unique? Yes, every bank has its own unique MICR code.
What is MICR code example?
MICR stands for Magnetic Ink Character Recognition. This is a 9 digit code to identify the location of the bank branch. The MICR Code is a numeric code that uniquely identifies a bank-branch participating in the ECS Credit scheme.
What is TC in cheque?
Bestsmsgreetings 09:13. A uniform set of transaction codes has been developed to be used by all banks. The transaction code, to be pre-printed, comprises of a two digit number running from 01-99.
What is bank code of Indian Bank?
In Indian Bank’s 11-digit IFSC code, the first four letters will be ‘IDIB’, and the last 6 digits will represent a specific branch code. For example, the IFSC code of the Indian Bank branch on 106 & 107 Aurobindo Place, DDA Commercial Complex, Delhi 110016, is IDIB000H019.
How many digits are in MICR cheque?
9-digit
MICR code- It is a 9-digit code that identifies a bank and a branch participating in an Electronic Clearing System (ECS).
How many digits is a MICR number?
Banks use cheque reading machine which helps to identify the bank and the branch code to sort the cheques faster. 3. MICR code- It is a 9-digit code that identifies a bank and a branch participating in an Electronic Clearing System (ECS).
Is MICR code and branch code same?
MICR code contains the details of the cheque such as serial number, the 9 digit number. The first three digits represent the city, next three represent the bank and the last three digits indicates the branch. The code was introduced by RBI to make NEFT (National Electronic Fund Transfer) quick and efficient.
What is the branch number of Indian Bank Kodambakkam?
IFSC code: IDIB000K040 and MICR code: 600019025; INDIAN BANK KODAMBAKKAM address : No. 347 Arcot Roadkodambakkam600024, Chennai – Tamil Nadu; Branch code is 00k040, Contact Number: 044 24843531, INDIAN BANK KODAMBAKKAM Timings: Monday to Friday: 10 AM to 4 PM, Saturday – 10 AM to 4 PM (Except 2nd and 4th Saturday).
What is MICR code in Indian Bank?
MICR (Magnetic Ink Character Recognition) code contains numerical values only. It is a nine digit code, usually printed on cheque leaves. MICR Code is used for processing cheques easily. Indian Bank has many NEFT supported branches. Most of these branches has MICR Code number. Find all branch specific codes at branch details page.
What is the IFSC code for Indian Bank?
IFSC Code: IDIB000K040 IFSC Code IDIB000K040 (used for RTGS and NEFT tran MICR Code 600019025 Bank INDIAN BANK Address No. 347 Arcot Roadkodambakkam600024 District CHENNAI