What do you mean by IFSC code?

The Indian Financial System Code (IFS Code) is an alphanumeric code that uniquely identifies a bank-branch participating in the two main Electronic Funds Settlement Systems in India: the Real Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT) Systems..

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What is MICR number in bank account?

The MICR number appears at the bottom edge of a check. MICR stands for Magnetic Ink Character Recognition. The ink is read electronically by a machine for security and record-keeping purposes. The MICR number consists of three sets of numbers—the routing/transit number,account number,and check number

What is MIRC code?

Cheque sample for a fictional bank in Canada using par-crossing MICR encoding for cashing in the United States. Magnetic Ink Character Recognition Code (MICR Code) is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents.

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